ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN (NYSEARCA:BDCX) Sees Large Growth in Short Interest

ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN (NYSEARCA:BDCX) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 19,091 shares, an increase of 1,448.3% from the September 15th total of 1,233 shares. Approximately 6.4% of the company’s stock are short sold. Based on an average daily trading volume, of 3,119 shares, the days-to-cover ratio is presently 6.1 days.

ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN Trading Down 1.0%

Shares of NYSEARCA BDCX traded down $0.19 during mid-day trading on Friday, reaching $18.90. 12,248 shares of the company were exchanged, compared to its average volume of 3,060. The firm has a 50-day moving average of $20.36 and a 200 day moving average of $20.25. ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN has a 1 year low of $17.60 and a 1 year high of $26.78.

ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN Cuts Dividend

The business also recently announced a dividend, which will be paid on Wednesday, October 21st. Shareholders of record on Tuesday, October 13th will be given a dividend of $0.8478 per share. The ex-dividend date of this dividend is Tuesday, October 13th. This is a drop from ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN’s previous dividend of $1.1716.

About ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN

The ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN (BDCX) is an exchange-traded fund that mostly invests in financials equity. The fund provides 1.5x leveraged exposure, compounded quarterly, to a tiered-weighted index of business development companies (BDC) listed and incorporated in the US. BDCX was launched on Jun 2, 2020 and is issued by ETRACS.