ETRACS Alerian MLP Infrastructure Index ETN Series B (NYSEARCA:MLPB) Shares Shorted: Short Interest Up 512.5% in October

ETRACS Alerian MLP Infrastructure Index ETN Series B (NYSEARCA:MLPB) was the target of a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 343 shares, a growth of 512.5% from the October 15th total of 56 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 1,954 shares, the short-interest ratio is currently 0.2 days.

ETRACS Alerian MLP Infrastructure Index ETN Series B Stock Performance

NYSEARCA MLPB traded up $0.39 during trading on Wednesday, hitting $28.39. 272 shares of the company’s stock traded hands, compared to its average volume of 5,506. The stock has a fifty day moving average of $29.86 and a two-hundred day moving average of $29.33. ETRACS Alerian MLP Infrastructure Index ETN Series B has a 12-month low of $24.52 and a 12-month high of $31.94.

ETRACS Alerian MLP Infrastructure Index ETN Series B Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 21st. Investors of record on Tuesday, October 13th were issued a dividend of $0.4342 per share. The ex-dividend date was Tuesday, October 13th. This represents a $1.74 annualized dividend and a yield of 6.1%. This is a drop from ETRACS Alerian MLP Infrastructure Index ETN Series B’s previous quarterly dividend of $0.4437.

About ETRACS Alerian MLP Infrastructure Index ETN Series B

The ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB) is an exchange-traded fund that is based on the Alerian MLP Infrastructure index, a market-cap-weighted index of 25 North American energy infrastructure master limited partnerships. MLPB was launched on Oct 8, 2015 and is issued by ETRACS.