ETRACS Alerian MLP Infrastructure Index ETN Series B (NYSEARCA:MLPB) Shares Shorted: Short Interest Up 512.5% in October

ETRACS Alerian MLP Infrastructure Index ETN Series B (NYSEARCA:MLPB) was the target of a large increase in short interest in October. As of October 30th, there was short interest totaling 343 shares, an increase of 512.5% from the October 15th total of 56 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 1,954 shares, the short-interest ratio is presently 0.2 days.

ETRACS Alerian MLP Infrastructure Index ETN Series B Trading Up 1.4%

NYSEARCA:MLPB traded up $0.39 during trading hours on Wednesday, reaching $28.39. The company had a trading volume of 272 shares, compared to its average volume of 5,506. The firm’s 50 day moving average price is $29.86 and its 200-day moving average price is $29.33. ETRACS Alerian MLP Infrastructure Index ETN Series B has a 52 week low of $24.52 and a 52 week high of $31.94.

ETRACS Alerian MLP Infrastructure Index ETN Series B Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 21st. Stockholders of record on Tuesday, October 13th were given a dividend of $0.4342 per share. This represents a $1.74 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend was Tuesday, October 13th. This is a decrease from ETRACS Alerian MLP Infrastructure Index ETN Series B’s previous quarterly dividend of $0.4437.

ETRACS Alerian MLP Infrastructure Index ETN Series B Company Profile

The ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB) is an exchange-traded fund that is based on the Alerian MLP Infrastructure index, a market-cap-weighted index of 25 North American energy infrastructure master limited partnerships. MLPB was launched on Oct 8, 2015 and is issued by ETRACS.