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 October. As of October 15th, there was short interest totaling 301 shares, a decrease of 67.1% from the September 30th total of 916 shares. Based on an average daily volume of 1,376 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.
ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN Price Performance
CEFD stock traded up $0.55 during mid-day trading on Thursday, reaching $17.58. 1,180 shares of the company traded hands, compared to its average volume of 1,380. The firm’s 50 day moving average price is $18.05 and its 200 day moving average price is $18.67. ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN has a fifty-two week low of $15.47 and a fifty-two week high of $20.50.
ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN Increases Dividend
The business also recently disclosed a dividend, which was paid on Wednesday, October 21st. Shareholders of record on Tuesday, October 13th were given a $0.2697 dividend. This is a positive change from ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN’s previous dividend of $0.2084. The ex-dividend date of this dividend was Tuesday, October 13th.
ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN Company Profile
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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