ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (NYSEARCA:CEFD – Get Free Report) was the recipient of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 1,211 shares, a decrease of 49.4% from the August 31st total of 2,391 shares. Based on an average daily trading volume, of 636 shares, the days-to-cover ratio is presently 1.9 days. Currently, 0.2% of the company’s shares are short sold.
ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN Stock Up 0.3%
NYSEARCA:CEFD traded up $0.05 during mid-day trading on Wednesday, reaching $17.73. The company’s stock had a trading volume of 532 shares, compared to its average volume of 1,397. The company’s fifty day simple moving average is $18.72 and its two-hundred day simple moving average is $18.69. ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN has a twelve month low of $15.47 and a twelve month high of $20.50.
ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN Increases Dividend
The business also recently announced a dividend, which was paid on Tuesday, September 22nd. Investors of record on Monday, September 14th were given a $0.2084 dividend. This is a boost from ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN’s previous dividend of $0.0083. The ex-dividend date of this dividend was Monday, September 14th.
About ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN
The ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (CEFD) is an exchange-traded fund that is based on the SNET Composite Closed-End Fund index. The fund provides monthly 1.5x leveraged exposure to an index of three types of yield-focused CEFs: investment-grade fixed-income, high-yield fixed-income, and option-writing. CEFs that trade at discount receive higher weights. CEFD was launched on Jun 2, 2020 and is issued by ETRACS.
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