ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN (NYSEARCA:BDCX) Short Interest Update

ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN (NYSEARCA:BDCX) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 5,694 shares, a growth of 168.6% from the June 15th total of 2,120 shares. Based on an average trading volume of 2,711 shares, the short-interest ratio is presently 2.1 days. Currently, 1.9% of the company’s stock are sold short.

ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN Stock Performance

Shares of NYSEARCA:BDCX opened at $20.41 on Tuesday. ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN has a 12 month low of $17.90 and a 12 month high of $30.34. The company’s fifty day simple moving average is $20.15 and its 200 day simple moving average is $21.32.

ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Tuesday, July 14th will be issued a $1.1716 dividend. This is a positive change from ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN’s previous dividend of $1.03. The ex-dividend date is Tuesday, July 14th.

ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN Company Profile

The ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN (BDCX) is an exchange-traded fund that mostly invests in financials equity. The fund provides 1.5x leveraged exposure, compounded quarterly, to a tiered-weighted index of business development companies (BDC) listed and incorporated in the US. BDCX was launched on Jun 2, 2020 and is issued by ETRACS.