ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN (NYSEARCA:MLPR) Short Interest Update

ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN (NYSEARCA:MLPR) saw a significant drop in short interest in the month of 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. Based on an average daily volume of 906 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the shares of the company are sold short.

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

Shares of ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN stock traded down $1.32 on Wednesday, reaching $70.95. The stock had a trading volume of 40 shares, compared to its average volume of 703. The business’s 50-day moving average price is $71.66 and its two-hundred day moving average price is $68.51. ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN has a fifty-two week low of $49.81 and a fifty-two week high of $77.89.

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Tuesday, July 14th will be issued a $1.767 dividend. This is a boost from ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN’s previous quarterly dividend of $1.66. The ex-dividend date is Tuesday, July 14th. This represents a $7.07 annualized dividend and a yield of 10.0%.

About ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN

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.