ETRACS Alerian MLP Infrastructure Index ETN Series B (NYSEARCA:MLPB) Short Interest Down 71.6% in July

ETRACS Alerian MLP Infrastructure Index ETN Series B (NYSEARCA:MLPB) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 1,241 shares, a decline of 71.6% from the June 30th total of 4,373 shares. Based on an average trading volume of 4,727 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the company’s stock are sold short.

ETRACS Alerian MLP Infrastructure Index ETN Series B Trading Up 1.6%

MLPB traded up $0.47 on Tuesday, reaching $30.39. The company’s stock had a trading volume of 1,453 shares, compared to its average volume of 6,285. ETRACS Alerian MLP Infrastructure Index ETN Series B has a 1 year low of $23.41 and a 1 year high of $30.78. The business’s 50 day moving average is $29.33 and its 200 day moving average is $28.60.

ETRACS Alerian MLP Infrastructure Index ETN Series B Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Tuesday, July 14th were paid a dividend of $0.4437 per share. This is an increase from ETRACS Alerian MLP Infrastructure Index ETN Series B’s previous quarterly dividend of $0.44. The ex-dividend date was Tuesday, July 14th. This represents a $1.77 annualized dividend and a dividend yield of 5.8%.

ETRACS Alerian MLP Infrastructure Index ETN Series B Company Profile

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.