ETRACS MarketVector Business Development Companies Liquid Index ETN (NYSEARCA:BDCZ) Short Interest Down 81.4% in August

ETRACS MarketVector Business Development Companies Liquid Index ETN (NYSEARCA:BDCZ) was the target of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 1,404 shares, a decline of 81.4% from the July 30th total of 7,539 shares. Based on an average trading volume of 2,148 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.2% of the company’s stock are sold short.

ETRACS MarketVector Business Development Companies Liquid Index ETN Price Performance

BDCZ stock remained flat at $15.55 during midday trading on Friday. The company’s stock had a trading volume of 1,214 shares, compared to its average volume of 1,368. The business has a 50-day moving average of $14.98 and a 200 day moving average of $15.11. ETRACS MarketVector Business Development Companies Liquid Index ETN has a 52 week low of $12.92 and a 52 week high of $19.60.

ETRACS MarketVector Business Development Companies Liquid Index ETN Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Tuesday, July 14th were paid a dividend of $0.5323 per share. This is a positive change from ETRACS MarketVector Business Development Companies Liquid Index ETN’s previous quarterly dividend of $0.45. The ex-dividend date was Tuesday, July 14th. This represents a $2.13 dividend on an annualized basis and a yield of 13.7%.

About ETRACS MarketVector Business Development Companies Liquid Index ETN

The ETRACS MarketVector Business Development Companies Liquid Index ETN (BDCZ) is an exchange-traded fund that mostly invests in financials equity. The fund tracks an index of at least 25 companies invested in the initial growth stages of small firms. BDCZ was launched on Oct 8, 2015 and is issued by ETRACS.