ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B (NYSEARCA:SMHB – Get Free Report) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 7,365 shares, a growth of 395.0% from the August 15th total of 1,488 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 13,761 shares, the short-interest ratio is presently 0.5 days.
ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B Trading Up 1.2%
NYSEARCA:SMHB traded up $0.05 during mid-day trading on Friday, hitting $3.94. The stock had a trading volume of 5,620 shares, compared to its average volume of 21,477. ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B has a twelve month low of $3.36 and a twelve month high of $4.92. The company’s 50 day simple moving average is $4.14 and its 200 day simple moving average is $3.95.
ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B Increases Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Monday, September 14th will be given a $0.0467 dividend. The ex-dividend date of this dividend is Monday, September 14th. This is a positive change from ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B’s previous monthly dividend of $0.03. This represents a c) dividend on an annualized basis and a dividend yield of 14.2%.
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.
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