ETRACS Alerian MLP Index ETN Series B (NYSEARCA:AMUB) Short Interest Update

ETRACS Alerian MLP Index ETN Series B (NYSEARCA:AMUB) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 17,403 shares, an increase of 592.2% from the June 15th total of 2,514 shares. Approximately 1.0% of the shares of the stock are short sold. Based on an average trading volume of 4,033 shares, the days-to-cover ratio is presently 4.3 days.

ETRACS Alerian MLP Index ETN Series B Stock Down 0.8%

Shares of AMUB stock traded down $0.18 during trading hours on Friday, reaching $21.99. 5,210 shares of the stock traded hands, compared to its average volume of 832. ETRACS Alerian MLP Index ETN Series B has a 1-year low of $17.65 and a 1-year high of $23.55. The business has a fifty day moving average price of $22.14 and a 200 day moving average price of $21.34.

ETRACS Alerian MLP Index ETN Series B Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Friday, May 29th were issued a $0.3242 dividend. The ex-dividend date was Friday, May 29th. This is an increase from ETRACS Alerian MLP Index ETN Series B’s previous quarterly dividend of $0.32. This represents a $1.30 dividend on an annualized basis and a dividend yield of 5.9%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Virtu Financial LLC acquired a new stake in shares of ETRACS Alerian MLP Index ETN Series B in the 4th quarter valued at $394,000. Susquehanna International Group LLP acquired a new position in ETRACS Alerian MLP Index ETN Series B during the third quarter worth $886,000. Finally, North Capital Inc. raised its holdings in ETRACS Alerian MLP Index ETN Series B by 1.1% during the first quarter. North Capital Inc. now owns 88,130 shares of the company’s stock valued at $1,912,000 after buying an additional 929 shares in the last quarter.

ETRACS Alerian MLP Index ETN Series B Company Profile

The ETRACS Alerian MLP Index ETN Class B (AMUB) is an exchange-traded fund that is based on the Alerian MLP index, a market-cap-weighted index of 50 publicly traded energy MLPs. AMUB was launched on Oct 8, 2015 and is issued by ETRACS.