Short Interest in ETRACS MarketVector Business Development Companies Liquid Index ETN (NYSEARCA:BDCZ) Rises By 59.0%

ETRACS MarketVector Business Development Companies Liquid Index ETN (NYSEARCA:BDCZ) saw a significant increase in short interest in March. As of March 13th, there was short interest totaling 2,732 shares, an increase of 59.0% from the February 26th total of 1,718 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 646 shares, the days-to-cover ratio is presently 4.2 days.

ETRACS MarketVector Business Development Companies Liquid Index ETN Stock Performance

Shares of NYSEARCA:BDCZ traded down $0.31 during midday trading on Friday, reaching $14.55. 59 shares of the company traded hands, compared to its average volume of 1,267. ETRACS MarketVector Business Development Companies Liquid Index ETN has a 12 month low of $14.14 and a 12 month high of $19.60. The firm’s fifty day moving average price is $15.57 and its two-hundred day moving average price is $16.37.

ETRACS MarketVector Business Development Companies Liquid Index ETN Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 22nd. Shareholders of record on Tuesday, January 13th were issued a dividend of $0.3198 per share. This represents a $1.28 dividend on an annualized basis and a yield of 8.8%. The ex-dividend date of this dividend was Tuesday, January 13th.

ETRACS MarketVector Business Development Companies Liquid Index ETN Company Profile

The ETRACS MarketVector Business Development Companies Liquid Index ETN (BDCZ) is an exchange-traded fund that mostly invests in financials equity. The fund tracks an index of at least 25 companies invested in the initial growth stages of small firms. BDCZ was launched on Oct 8, 2015 and is issued by ETRACS.