ETRACS MarketVector Business Development Companies Liquid Index ETN (NYSEARCA:BDCZ) Sees Large Increase in Short Interest

ETRACS MarketVector Business Development Companies Liquid Index ETN (NYSEARCA:BDCZ) saw a significant growth in short interest in January. As of January 15th, there was short interest totaling 3,435 shares, a growth of 572.2% from the December 31st total of 511 shares. Based on an average trading volume of 2,466 shares, the short-interest ratio is presently 1.4 days. Approximately 0.5% of the shares of the stock are short sold. Approximately 0.5% of the shares of the stock are short sold. Based on an average trading volume of 2,466 shares, the short-interest ratio is presently 1.4 days.

ETRACS MarketVector Business Development Companies Liquid Index ETN Price Performance

Shares of BDCZ traded down $0.16 during midday trading on Wednesday, reaching $16.52. The stock had a trading volume of 851 shares, compared to its average volume of 2,464. The company’s 50-day moving average is $16.77 and its 200 day moving average is $17.24. ETRACS MarketVector Business Development Companies Liquid Index ETN has a 12-month low of $15.11 and a 12-month high of $20.42.

ETRACS MarketVector Business Development Companies Liquid Index ETN Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 22nd. Shareholders of record on Tuesday, January 13th were paid a $0.3198 dividend. The ex-dividend date of this dividend was Tuesday, January 13th. This represents a $1.28 annualized dividend and a yield of 7.7%.

About ETRACS MarketVector Business Development Companies Liquid Index ETN

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.