ETRACS Silver Shares Covered Call ETN (NASDAQ:SLVO) Shares Shorted: Short Interest Up 1,500.3% in September

ETRACS Silver Shares Covered Call ETN (NASDAQ:SLVO) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 24,372 shares, a growth of 1,500.3% from the September 15th total of 1,523 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily volume of 227,947 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On ETRACS Silver Shares Covered Call ETN

A hedge fund recently raised its stake in ETRACS Silver Shares Covered Call ETN stock. Claris Financial LLC grew its holdings in ETRACS Silver Shares Covered Call ETN (NASDAQ:SLVO) by 20.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,095 shares of the company’s stock after purchasing an additional 2,377 shares during the period. Claris Financial LLC owned about 0.36% of ETRACS Silver Shares Covered Call ETN worth $1,252,000 as of its most recent SEC filing.

ETRACS Silver Shares Covered Call ETN Stock Up 2.3%

Shares of NASDAQ:SLVO opened at $64.59 on Friday. ETRACS Silver Shares Covered Call ETN has a 52 week low of $61.01 and a 52 week high of $107.41. The business has a fifty day simple moving average of $68.24 and a 200-day simple moving average of $75.27.

ETRACS Silver Shares Covered Call ETN Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, October 26th. Shareholders of record on Wednesday, October 21st will be issued a dividend of $1.7010 per share. The ex-dividend date of this dividend is Wednesday, October 21st. This represents a $20.41 dividend on an annualized basis and a yield of 31.6%. This is a drop from ETRACS Silver Shares Covered Call ETN’s previous monthly dividend of $1.8990.

ETRACS Silver Shares Covered Call ETN (NASDAQ: SLVO) is an exchange-traded note listed in the United States that provides investors with a packaged exposure to silver coupled with an options overlay. The product is structured to deliver returns that reflect the performance of a long position in shares representing physical silver together with the income and payoff profile generated by a covered call strategy. As an ETN, SLVO is an unsecured debt instrument whose economic return is tied to the referenced strategy rather than to ownership of a separate pool of assets.

The covered call component typically involves selling call options against the underlying silver shares to collect option premium, which can produce regular income and reduce short‑term volatility, while also capping upside participation when the underlying rises above option strike prices.