ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN (NYSEARCA:MLPR) Sees Large Decrease in Short Interest

ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN (NYSEARCA:MLPR) was the target of a large drop in short interest in June. As of June 30th, there was short interest totaling 299 shares, a drop of 56.4% from the June 15th total of 686 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 906 shares, the short-interest ratio is currently 0.3 days.

ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN Stock Performance

NYSEARCA:MLPR traded down $1.22 during mid-day trading on Tuesday, reaching $72.45. The stock had a trading volume of 300 shares, compared to its average volume of 708. ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN has a 12 month low of $49.81 and a 12 month high of $77.89. The stock has a 50-day simple moving average of $71.66 and a two-hundred day simple moving average of $68.33.

ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Tuesday, July 14th will be given a dividend of $1.767 per share. The ex-dividend date is Tuesday, July 14th. This represents a $7.07 dividend on an annualized basis and a yield of 9.8%. This is a positive change from ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN’s previous quarterly dividend of $1.66.

ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN Company Profile

The ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN (MLPR) is an exchange-traded fund that is based on the Alerian MLP index. The fund provides quarterly 1.5x leveraged exposure to a market-cap-weighted index of 50 publicly traded energy MLPs. MLPR was launched on Jun 2, 2020 and is issued by ETRACS.