Short Interest in ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B (NYSEARCA:SMHB) Increases By 138.3%

ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B (NYSEARCA:SMHB) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 10,622 shares, an increase of 138.3% from the May 14th total of 4,457 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 18,460 shares, the short-interest ratio is currently 0.6 days.

ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B Stock Performance

ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B stock traded down $0.02 during midday trading on Friday, hitting $3.93. 25,647 shares of the company were exchanged, compared to its average volume of 22,492. The company’s fifty day moving average price is $3.87 and its 200-day moving average price is $3.97. ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B has a fifty-two week low of $3.36 and a fifty-two week high of $5.01.

ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Friday, June 12th will be paid a dividend of $0.048 per share. The ex-dividend date is Friday, June 12th. This represents a c) dividend on an annualized basis and a dividend yield of 14.7%.

About ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B

The ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B (SMHB) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks twice the monthly returns of a dividends-selected, liquidity-weighted index of US small-cap equities. SMHB was launched on Nov 8, 2018 and is issued by ETRACS.