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) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 19,091 shares, a growth of 1,448.3% from the September 15th total of 1,233 shares. Based on an average trading volume of 3,119 shares, the days-to-cover ratio is presently 6.1 days. Currently, 6.4% of the company’s shares are short sold.

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

Shares of BDCX stock traded down $0.19 during trading hours on Friday, hitting $18.90. 12,248 shares of the company’s stock traded hands, compared to its average volume of 3,060. The stock’s 50 day simple moving average is $20.36 and its 200 day simple moving average is $20.25. ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN has a 12 month low of $17.60 and a 12 month high of $26.78.

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

The business also recently announced a dividend, which will be paid on Wednesday, October 21st. Investors of record on Tuesday, October 13th will be given a dividend of $0.8478 per share. The ex-dividend date of this dividend is Tuesday, October 13th. This is a decrease from ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN’s previous dividend of $1.1716.

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.