ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN (NYSEARCA:BDCX) Short Interest Update

ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN (NYSEARCA:BDCX) saw a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 4,868 shares, a decrease of 40.9% from the May 14th total of 8,230 shares. Based on an average daily volume of 1,045 shares, the days-to-cover ratio is currently 4.7 days. Approximately 1.6% of the shares of the company are sold short.

ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN Price Performance

Shares of ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN stock traded down $0.29 on Monday, hitting $20.01. The stock had a trading volume of 1,140 shares, compared to its average volume of 3,468. ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN has a twelve month low of $17.90 and a twelve month high of $32.41. The business’s 50 day moving average is $20.55 and its two-hundred day moving average is $21.98.

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

The company also recently announced a dividend, which was paid on Tuesday, April 21st. Stockholders of record on Monday, April 13th were given a $1.0311 dividend. The ex-dividend date of this dividend was Monday, April 13th. This is a positive change from ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN’s previous dividend of $0.77.

ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN Company Profile

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.