Short Interest in ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B (NYSEARCA:SMHB) Increases By 665.8%

ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B (NYSEARCA:SMHB) saw a significant growth in short interest during 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. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 18,320 shares, the short-interest ratio is presently 0.2 days.

ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B Stock Up 0.6%

Shares of NYSEARCA:SMHB traded up $0.03 on Thursday, hitting $3.90. The company had a trading volume of 19,832 shares, compared to its average volume of 22,775. ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B has a 52-week low of $3.36 and a 52-week high of $5.01. The business has a 50 day moving average of $3.79 and a 200 day 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 represents a c) annualized dividend and a yield of 24.0%. This is a boost from ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B’s previous monthly dividend of $0.07. The ex-dividend date was Wednesday, May 13th.

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.