ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B (NYSEARCA:SMHB – Get Free Report) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 2,853 shares, a decline of 61.3% from the August 31st total of 7,365 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 18,822 shares, the days-to-cover ratio is currently 0.2 days.
ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B Price Performance
NYSEARCA:SMHB traded down $0.09 during mid-day trading on Monday, reaching $3.33. 36,673 shares of the company’s stock were exchanged, compared to its average volume of 21,919. ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B has a one year low of $3.30 and a one year high of $4.71. The business’s fifty day simple moving average is $4.01 and its two-hundred day simple moving average is $3.92.
ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B Increases Dividend
The business also recently disclosed a monthly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Monday, September 14th were paid a dividend of $0.0467 per share. This is a boost from ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B’s previous monthly dividend of $0.0311. The ex-dividend date was Monday, September 14th. This represents a $0.56 dividend on an annualized basis and a yield of 16.8%.
ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B Company Profile
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.
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