ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B (NYSEARCA:SMHB) Sees Large Drop in Short Interest

ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B (NYSEARCA:SMHB) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totaling 1,763 shares, a decline of 69.6% from the July 15th total of 5,805 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 25,380 shares, the short-interest ratio is presently 0.1 days.

ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B Trading Up 0.2%

Shares of ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B stock opened at $4.08 on Thursday. ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B has a 12-month low of $3.36 and a 12-month high of $4.92. The firm’s 50-day moving average price is $4.04 and its two-hundred day moving average price is $3.97.

ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, August 20th. Investors of record on Wednesday, August 12th will be given a dividend of $0.0311 per share. The ex-dividend date is Wednesday, August 12th. This represents a c) annualized dividend and a dividend yield of 9.1%.

About ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B

The ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B (SMHB) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks twice the monthly returns of a dividends-selected, liquidity-weighted index of US small-cap equities. SMHB was launched on Nov 8, 2018 and is issued by ETRACS.