ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN (NYSEARCA:MLPR) Shares Shorted: Short Interest Down 55.0% in September

ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN (NYSEARCA:MLPR) saw a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 194 shares, a decrease of 55.0% from the September 15th total of 431 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 374 shares, the short-interest ratio is presently 0.5 days.

ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN Stock Down 1.6%

Shares of MLPR stock traded down $1.12 during trading on Wednesday, hitting $67.87. The company had a trading volume of 549 shares, compared to its average volume of 647. The stock’s 50-day moving average is $75.33 and its two-hundred day moving average is $72.80. ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN has a 52 week low of $52.70 and a 52 week high of $80.16.

ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 21st. Shareholders of record on Tuesday, October 13th will be paid a $1.7570 dividend. The ex-dividend date of this dividend is Tuesday, October 13th. This represents a $7.03 dividend on an annualized basis and a yield of 10.4%. This is a drop from ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN’s previous quarterly dividend of $1.7670.

ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN Company Profile

The ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN (MLPR) is an exchange-traded fund that is based on the Alerian MLP index. The fund provides quarterly 1.5x leveraged exposure to a market-cap-weighted index of 50 publicly traded energy MLPs. MLPR was launched on Jun 2, 2020 and is issued by ETRACS.