Short Interest in ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B (NYSEARCA:SMHB) Rises By 395.0%

ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B (NYSEARCA:SMHB) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 7,365 shares, an increase of 395.0% from the August 15th total of 1,488 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 13,761 shares, the days-to-cover ratio is presently 0.5 days.

ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B Trading Up 1.8%

SMHB traded up $0.07 during trading hours on Friday, reaching $3.96. The company’s stock had a trading volume of 7,881 shares, compared to its average volume of 21,491. ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B has a fifty-two week low of $3.36 and a fifty-two week high of $4.92. The business’s 50-day moving average is $4.14 and its 200-day moving average is $3.95.

ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Monday, September 14th will be given a $0.0467 dividend. This is an increase from ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B’s previous monthly dividend of $0.03. This represents a c) dividend on an annualized basis and a yield of 14.2%. The ex-dividend date is Monday, September 14th.

ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B Company Profile

The ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B (SMHB) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks twice the monthly returns of a dividends-selected, liquidity-weighted index of US small-cap equities. SMHB was launched on Nov 8, 2018 and is issued by ETRACS.