ETRACS Alerian MLP Infrastructure Index ETN Series B (NYSEARCA:MLPB – Get Free Report) was the target of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 4,373 shares, a decrease of 42.3% from the June 15th total of 7,575 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 5,632 shares, the short-interest ratio is presently 0.8 days.
ETRACS Alerian MLP Infrastructure Index ETN Series B Stock Performance
ETRACS Alerian MLP Infrastructure Index ETN Series B stock traded up $0.43 during mid-day trading on Thursday, reaching $29.73. The company had a trading volume of 2,585 shares, compared to its average volume of 6,551. The business has a fifty day simple moving average of $29.27 and a 200 day simple moving average of $28.33. ETRACS Alerian MLP Infrastructure Index ETN Series B has a fifty-two week low of $23.41 and a fifty-two week high of $30.78.
ETRACS Alerian MLP Infrastructure Index ETN Series B Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Tuesday, July 14th will be paid a $0.4437 dividend. This represents a $1.77 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date is Tuesday, July 14th. This is a positive change from ETRACS Alerian MLP Infrastructure Index ETN Series B’s previous quarterly dividend of $0.44.
About ETRACS Alerian MLP Infrastructure Index ETN Series B
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.
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