ETRACS MarketVector Business Development Companies Liquid Index ETN (NYSEARCA:BDCZ) Sees Significant Decline in Short Interest

ETRACS MarketVector Business Development Companies Liquid Index ETN (NYSEARCA:BDCZ) was the recipient of a large decrease in short interest in August. As of August 14th, there was short interest totaling 1,404 shares, a decrease of 81.4% from the July 30th total of 7,539 shares. Based on an average daily trading volume, of 2,148 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.2% of the shares of the company are sold short.

ETRACS MarketVector Business Development Companies Liquid Index ETN Stock Up 0.2%

BDCZ stock traded up $0.03 during trading hours on Thursday, hitting $15.55. 420 shares of the stock were exchanged, compared to its average volume of 1,377. 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 company has a 50-day simple moving average of $14.96 and a two-hundred day simple moving average of $15.11.

ETRACS MarketVector Business Development Companies Liquid Index ETN Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Tuesday, July 14th were given a dividend of $0.5323 per share. This is a positive change from ETRACS MarketVector Business Development Companies Liquid Index ETN’s previous quarterly dividend of $0.45. This represents a $2.13 dividend on an annualized basis and a yield of 13.7%. 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.