Short Interest in ETRACS MarketVector Business Development Companies Liquid Index ETN (NYSEARCA:BDCZ) Declines By 24.9%

ETRACS MarketVector Business Development Companies Liquid Index ETN (NYSEARCA:BDCZ) was the recipient of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 2,059 shares, a decline of 24.9% from the January 29th total of 2,741 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average trading volume of 1,277 shares, the days-to-cover ratio is currently 1.6 days. Based on an average trading volume of 1,277 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.3% of the shares of the company are short sold.

ETRACS MarketVector Business Development Companies Liquid Index ETN Stock Performance

ETRACS MarketVector Business Development Companies Liquid Index ETN stock remained flat at $15.10 during trading on Wednesday. The company had a trading volume of 252 shares, compared to its average volume of 1,601. The company’s 50-day moving average price is $16.23 and its 200 day moving average price is $16.76. ETRACS MarketVector Business Development Companies Liquid Index ETN has a fifty-two week low of $14.69 and a fifty-two week high of $19.62.

ETRACS MarketVector Business Development Companies Liquid Index ETN Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 22nd. Investors of record on Tuesday, January 13th were issued a dividend of $0.3198 per share. This represents a $1.28 dividend on an annualized basis and a yield of 8.5%. The ex-dividend date of this dividend was Tuesday, January 13th.

ETRACS MarketVector Business Development Companies Liquid Index ETN Company Profile

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.