ETRACS Alerian MLP Index ETN Series B (NYSEARCA:AMUB) Short Interest Update

ETRACS Alerian MLP Index ETN Series B (NYSEARCA:AMUB) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 529 shares, a decrease of 88.1% from the July 30th total of 4,432 shares. Based on an average daily volume of 9,958 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Hedge Funds Weigh In On ETRACS Alerian MLP Index ETN Series B

Several hedge funds have recently modified their holdings of the stock. Susquehanna International Group LLP acquired a new stake in ETRACS Alerian MLP Index ETN Series B in the 3rd quarter worth approximately $886,000. Virtu Financial LLC acquired a new position in ETRACS Alerian MLP Index ETN Series B during the 4th quarter valued at approximately $394,000. Finally, North Capital Inc. raised its holdings in shares of ETRACS Alerian MLP Index ETN Series B by 1.1% in the first quarter. North Capital Inc. now owns 88,130 shares of the company’s stock worth $1,912,000 after buying an additional 929 shares during the last quarter.

ETRACS Alerian MLP Index ETN Series B Stock Up 1.2%

AMUB stock traded up $0.28 on Friday, hitting $24.07. 1,394 shares of the company’s stock were exchanged, compared to its average volume of 1,294. The firm has a 50 day moving average price of $22.65 and a two-hundred day moving average price of $22.17. ETRACS Alerian MLP Index ETN Series B has a 12-month low of $17.65 and a 12-month high of $24.23.

ETRACS Alerian MLP Index ETN Series B Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Friday, August 28th will be paid a dividend of $0.313 per share. The ex-dividend date is Friday, August 28th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 5.2%.

ETRACS Alerian MLP Index ETN Series B Company Profile

The ETRACS Alerian MLP Index ETN Class B (AMUB) is an exchange-traded fund that is based on the Alerian MLP index, a market-cap-weighted index of 50 publicly traded energy MLPs. AMUB was launched on Oct 8, 2015 and is issued by ETRACS.