ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN (NYSEARCA:BDCX) Sees Large Increase in Short Interest

ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN (NYSEARCA:BDCX) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 8,230 shares, an increase of 897.6% from the April 30th total of 825 shares. Based on an average daily volume of 4,607 shares, the days-to-cover ratio is currently 1.8 days. Approximately 2.7% of the company’s stock are sold short.

ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN Price Performance

NYSEARCA BDCX traded up $0.18 during trading hours on Friday, hitting $20.27. 368 shares of the company were exchanged, compared to its average volume of 3,691. The company has a 50 day moving average of $20.56 and a two-hundred day moving average of $22.25. ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN has a 52-week low of $17.90 and a 52-week high of $32.41.

ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, April 21st. Stockholders of record on Monday, April 13th were issued a $1.0311 dividend. The ex-dividend date was Monday, April 13th. This is an increase from ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN’s previous dividend of $0.77.

ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN Company Profile

The ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN (BDCX) is an exchange-traded fund that mostly invests in financials equity. The fund provides 1.5x leveraged exposure, compounded quarterly, to a tiered-weighted index of business development companies (BDC) listed and incorporated in the US. BDCX was launched on Jun 2, 2020 and is issued by ETRACS.