ETRACS Alerian MLP Infrastructure Index ETN Series B (NYSEARCA:MLPB) Shares Shorted: Short Interest Down 82.9% in September

ETRACS Alerian MLP Infrastructure Index ETN Series B (NYSEARCA:MLPB) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 186 shares, a drop of 82.9% from the September 15th total of 1,085 shares. Based on an average trading volume of 6,500 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

ETRACS Alerian MLP Infrastructure Index ETN Series B Stock Performance

MLPB stock traded up $0.07 during midday trading on Monday, reaching $29.60. The company had a trading volume of 1,337 shares, compared to its average volume of 5,796. The stock has a 50 day moving average price of $30.71 and a 200 day moving average price of $29.74. ETRACS Alerian MLP Infrastructure Index ETN Series B has a fifty-two week low of $23.46 and a fifty-two week high of $31.94.

ETRACS Alerian MLP Infrastructure Index ETN Series B Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 21st. Investors of record on Tuesday, October 13th will be issued a $0.4342 dividend. This is a negative change from ETRACS Alerian MLP Infrastructure Index ETN Series B’s previous quarterly dividend of $0.4437. The ex-dividend date of this dividend is Tuesday, October 13th. This represents a $1.74 annualized dividend and a dividend yield of 5.9%.

About ETRACS Alerian MLP Infrastructure Index ETN Series B

The ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB) is an exchange-traded fund that is based on the Alerian MLP Infrastructure index, a market-cap-weighted index of 25 North American energy infrastructure master limited partnerships. MLPB was launched on Oct 8, 2015 and is issued by ETRACS.