ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B (NYSEARCA:SMHB) Short Interest Update

ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B (NYSEARCA:SMHB) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 7,365 shares, an increase of 395.0% from the August 15th total of 1,488 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 13,761 shares, the days-to-cover ratio is currently 0.5 days.

ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B Price Performance

NYSEARCA:SMHB traded up $0.05 during mid-day trading on Friday, reaching $3.94. 5,620 shares of the company’s stock were exchanged, compared to its average volume of 21,477. ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B has a one year low of $3.36 and a one year high of $4.92. The business’s fifty day simple moving average is $4.14 and its two-hundred day simple moving average is $3.95.

ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Monday, September 14th will be given a dividend of $0.0467 per share. This represents a c) dividend on an annualized basis and a dividend yield of 14.2%. The ex-dividend date is Monday, September 14th. This is a boost from ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B’s previous monthly dividend of $0.03.

About ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B

The ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B (SMHB) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks twice the monthly returns of a dividends-selected, liquidity-weighted index of US small-cap equities. SMHB was launched on Nov 8, 2018 and is issued by ETRACS.