Short Interest in ETRACS MarketVector Business Development Companies Liquid Index ETN (NYSEARCA:BDCZ) Declines By 99.8%

ETRACS MarketVector Business Development Companies Liquid Index ETN (NYSEARCA:BDCZ) was the recipient of a large drop in short interest in May. As of May 29th, there was short interest totaling 4 shares, a drop of 99.8% from the May 14th total of 1,789 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 685 shares, the days-to-cover ratio is presently 0.0 days.

ETRACS MarketVector Business Development Companies Liquid Index ETN Trading Down 0.2%

BDCZ traded down $0.03 during midday trading on Thursday, hitting $14.96. The company had a trading volume of 100 shares, compared to its average volume of 1,235. ETRACS MarketVector Business Development Companies Liquid Index ETN has a twelve month low of $13.85 and a twelve month high of $19.60. The firm’s 50-day simple moving average is $15.17 and its 200-day simple moving average is $15.78.

ETRACS MarketVector Business Development Companies Liquid Index ETN Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 21st. Shareholders of record on Monday, April 13th were given a $0.4526 dividend. This represents a $1.81 annualized dividend and a yield of 12.1%. The ex-dividend date was Monday, April 13th. This is a boost from ETRACS MarketVector Business Development Companies Liquid Index ETN’s previous quarterly dividend of $0.32.

ETRACS MarketVector Business Development Companies Liquid Index ETN Company Profile

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.