Short Interest in ETRACS MarketVector Business Development Companies Liquid Index ETN (NYSEARCA:BDCZ) Increases By 361.7%

ETRACS MarketVector Business Development Companies Liquid Index ETN (NYSEARCA:BDCZ) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 7,539 shares, a growth of 361.7% from the July 15th total of 1,633 shares. Approximately 1.0% of the company’s stock are short sold. Based on an average daily volume of 1,984 shares, the short-interest ratio is currently 3.8 days.

ETRACS MarketVector Business Development Companies Liquid Index ETN Stock Performance

Shares of BDCZ stock traded down $0.05 on Friday, reaching $15.68. 1,010 shares of the company’s stock traded hands, compared to its average volume of 1,411. ETRACS MarketVector Business Development Companies Liquid Index ETN has a 12-month low of $12.92 and a 12-month high of $19.60. The business’s 50 day moving average price is $14.86 and its two-hundred day moving average price is $15.15.

ETRACS MarketVector Business Development Companies Liquid Index ETN Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Tuesday, July 14th were given a $0.5323 dividend. This represents a $2.13 dividend on an annualized basis and a dividend yield of 13.6%. This is a positive change from ETRACS MarketVector Business Development Companies Liquid Index ETN’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Tuesday, July 14th.

ETRACS MarketVector Business Development Companies Liquid Index ETN Company Profile

The ETRACS MarketVector Business Development Companies Liquid Index ETN (BDCZ) is an exchange-traded fund that mostly invests in financials equity. The fund tracks an index of at least 25 companies invested in the initial growth stages of small firms. BDCZ was launched on Oct 8, 2015 and is issued by ETRACS.