ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (NYSEARCA:CEFD) Stock Short Interest Report for October

ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (NYSEARCA:CEFD) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 301 shares, a decrease of 67.1% from the September 30th total of 916 shares. Based on an average daily trading volume, of 1,376 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN Stock Down 1.5%

CEFD stock traded down $0.26 during trading on Friday, reaching $17.32. The company had a trading volume of 1,180 shares, compared to its average volume of 1,380. ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN has a twelve month low of $15.47 and a twelve month high of $20.50. The firm has a 50-day simple moving average of $18.05 and a 200-day simple moving average of $18.67.

ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, October 21st. Stockholders of record on Tuesday, October 13th were issued a dividend of $0.2697 per share. The ex-dividend date was Tuesday, October 13th. This is an increase from ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN’s previous dividend of $0.2084.

About ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN

The ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (CEFD) is an exchange-traded fund that is based on the SNET Composite Closed-End Fund index. The fund provides monthly 1.5x leveraged exposure to an index of three types of yield-focused CEFs: investment-grade fixed-income, high-yield fixed-income, and option-writing. CEFs that trade at discount receive higher weights. CEFD was launched on Jun 2, 2020 and is issued by ETRACS.