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

ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B (NYSEARCA:SMHB) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 4,457 shares, a growth of 665.8% from the April 30th total of 582 shares. Based on an average daily trading volume, of 18,320 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B Trading Up 0.3%

NYSEARCA:SMHB opened at $3.91 on Friday. ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B has a 12 month low of $3.36 and a 12 month high of $5.01. The firm has a fifty day simple moving average of $3.80 and a 200-day simple moving average of $3.96.

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

The firm also recently announced a monthly dividend, which was paid on Thursday, May 21st. Investors of record on Wednesday, May 13th were given a dividend of $0.078 per share. This is a boost from ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a yield of 23.9%. The ex-dividend date was Wednesday, May 13th.

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.