ETRACS Alerian MLP Infrastructure Index ETN Series B (NYSEARCA:MLPB) Sees Large Drop in Short Interest

ETRACS Alerian MLP Infrastructure Index ETN Series B (NYSEARCA:MLPB) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 4,373 shares, a decrease of 42.3% from the June 15th total of 7,575 shares. Based on an average daily trading volume, of 5,632 shares, the short-interest ratio is presently 0.8 days. Approximately 0.1% of the shares of the stock are sold short.

ETRACS Alerian MLP Infrastructure Index ETN Series B Stock Performance

Shares of ETRACS Alerian MLP Infrastructure Index ETN Series B stock opened at $29.83 on Friday. The stock’s 50-day simple moving average is $29.30 and its 200-day simple moving average is $28.37. ETRACS Alerian MLP Infrastructure Index ETN Series B has a 52 week low of $23.41 and a 52 week high of $30.78.

ETRACS Alerian MLP Infrastructure Index ETN Series B Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Tuesday, July 14th will be issued a $0.4437 dividend. The ex-dividend date of this dividend is Tuesday, July 14th. This represents a $1.77 dividend on an annualized basis and a yield of 5.9%. This is a boost from ETRACS Alerian MLP Infrastructure Index ETN Series B’s previous quarterly dividend of $0.44.

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.