ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN (NYSEARCA:BDCX) Sees Large Increase in Short Interest

ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN (NYSEARCA:BDCX – Get Free Report) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 19,091 shares, a growth of 1,448.3% from the September 15th total of 1,233 shares. Based on an average trading volume of 3,119 shares, the short-interest ratio is currently 6.1 days. Currently, 6.4% of the company’s shares are sold short.

ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN Stock Down 1.0%

ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN stock traded down $0.19 during mid-day trading on Friday, hitting $18.90. 12,248 shares of the stock were exchanged, compared to its average volume of 3,060. ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN has a 12 month low of $17.60 and a 12 month high of $26.78. The firm’s fifty day simple moving average is $20.36 and its two-hundred day simple moving average is $20.25.

ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, October 21st. Stockholders of record on Tuesday, October 13th will be given a dividend of $0.8478 per share. This is a drop from ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN’s previous dividend of $1.1716. The ex-dividend date is Tuesday, October 13th.

ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN Company Profile

(Get Free Report)

The ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN (BDCX) is an exchange-traded fund that mostly invests in financials equity. The fund provides 1.5x leveraged exposure, compounded quarterly, to a tiered-weighted index of business development companies (BDC) listed and incorporated in the US. BDCX was launched on Jun 2, 2020 and is issued by ETRACS.

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