ETRACS Alerian MLP Infrastructure Index ETN Series B (NYSEARCA:MLPB) Stock Short Interest Falls 82.9%

ETRACS Alerian MLP Infrastructure Index ETN Series B (NYSEARCA:MLPB) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 186 shares, a decline of 82.9% from the September 15th total of 1,085 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 6,500 shares, the days-to-cover ratio is presently 0.0 days.

ETRACS Alerian MLP Infrastructure Index ETN Series B Stock Down 0.7%

MLPB opened at $29.53 on Friday. ETRACS Alerian MLP Infrastructure Index ETN Series B has a one year low of $23.41 and a one year high of $31.94. The stock’s 50 day moving average price is $30.71 and its 200-day moving average price is $29.74.

ETRACS Alerian MLP Infrastructure Index ETN Series B Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 21st. Investors of record on Tuesday, October 13th will be given a dividend of $0.4342 per share. The ex-dividend date is Tuesday, October 13th. This is a decrease from ETRACS Alerian MLP Infrastructure Index ETN Series B’s previous quarterly dividend of $0.4437. This represents a $1.74 annualized dividend and a yield of 5.9%.

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.