Short Interest in ETRACS Alerian MLP Infrastructure Index ETN Series B (NYSEARCA:MLPB) Rises By 628.4%

ETRACS Alerian MLP Infrastructure Index ETN Series B (NYSEARCA:MLPB) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 7,903 shares, a growth of 628.4% from the July 30th total of 1,085 shares. Based on an average trading volume of 4,554 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.1% of the shares of the stock are short sold.

ETRACS Alerian MLP Infrastructure Index ETN Series B Stock Performance

MLPB traded down $0.17 during trading on Thursday, reaching $31.21. The stock had a trading volume of 6,144 shares, compared to its average volume of 5,956. ETRACS Alerian MLP Infrastructure Index ETN Series B has a 1-year low of $23.41 and a 1-year high of $31.38. The stock has a 50 day moving average of $29.89 and a two-hundred day moving average of $29.27.

ETRACS Alerian MLP Infrastructure Index ETN Series B Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Tuesday, July 14th were issued a $0.4437 dividend. This represents a $1.77 annualized dividend and a dividend yield of 5.7%. This is a positive change from ETRACS Alerian MLP Infrastructure Index ETN Series B’s previous quarterly dividend of $0.44. The ex-dividend date was Tuesday, July 14th.

About ETRACS Alerian MLP Infrastructure Index ETN Series B

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.