Short Interest in ETRACS MarketVector Business Development Companies Liquid Index ETN (NYSEARCA:BDCZ) Expands By 59.0%

ETRACS MarketVector Business Development Companies Liquid Index ETN (NYSEARCA:BDCZ) saw a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 2,732 shares, an increase of 59.0% from the February 26th total of 1,718 shares. Based on an average daily trading volume, of 646 shares, the days-to-cover ratio is currently 4.2 days. Currently, 0.4% of the shares of the company are sold short.

ETRACS MarketVector Business Development Companies Liquid Index ETN Price Performance

Shares of NYSEARCA:BDCZ traded down $0.31 during trading on Friday, reaching $14.55. 59 shares of the company’s stock traded hands, compared to its average volume of 1,267. ETRACS MarketVector Business Development Companies Liquid Index ETN has a 12 month low of $14.14 and a 12 month high of $19.60. The company has a 50 day moving average of $15.57 and a 200-day moving average of $16.37.

ETRACS MarketVector Business Development Companies Liquid Index ETN Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 22nd. Investors of record on Tuesday, January 13th were issued a $0.3198 dividend. The ex-dividend date was Tuesday, January 13th. This represents a $1.28 dividend on an annualized basis and a yield of 8.8%.

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.