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

ETRACS Alerian MLP Infrastructure Index ETN Series B (NYSEARCA:MLPB) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 7,236 shares, an increase of 526.5% from the April 30th total of 1,155 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 5,349 shares, the days-to-cover ratio is presently 1.4 days.

ETRACS Alerian MLP Infrastructure Index ETN Series B Price Performance

NYSEARCA MLPB traded down $0.20 during trading on Thursday, reaching $29.23. 8,105 shares of the company’s stock were exchanged, compared to its average volume of 7,241. The business has a 50 day moving average price of $29.16 and a 200-day moving average price of $27.42. ETRACS Alerian MLP Infrastructure Index ETN Series B has a fifty-two week low of $23.41 and a fifty-two week high of $30.78.

ETRACS Alerian MLP Infrastructure Index ETN Series B Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 21st. Shareholders of record on Monday, April 13th were given a dividend of $0.4359 per share. This represents a $1.74 dividend on an annualized basis and a yield of 6.0%. This is a boost from ETRACS Alerian MLP Infrastructure Index ETN Series B’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Monday, April 13th.

About ETRACS Alerian MLP Infrastructure Index ETN Series B

The ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB) is an exchange-traded fund that is based on the Alerian MLP Infrastructure index, a market-cap-weighted index of 25 North American energy infrastructure master limited partnerships. MLPB was launched on Oct 8, 2015 and is issued by ETRACS.