ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (NYSEARCA:CEFD – Get Free Report) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 5,983 shares, an increase of 289.5% from the June 30th total of 1,536 shares. Based on an average daily trading volume, of 1,719 shares, the days-to-cover ratio is currently 3.5 days. Currently, 1.2% of the shares of the company are short sold.
ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN Stock Performance
CEFD stock traded down $0.01 during trading on Friday, hitting $18.72. The company had a trading volume of 425 shares, compared to its average volume of 1,646. ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN has a 1-year low of $15.47 and a 1-year high of $20.50. The firm has a 50-day moving average price of $19.03 and a 200-day moving average price of $18.89.
ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN Increases Dividend
The business also recently disclosed a dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Tuesday, July 14th were given a dividend of $0.2691 per share. The ex-dividend date of this dividend was Tuesday, July 14th. This is a positive change from ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN’s previous dividend of $0.22.
ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN Company Profile
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.
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