ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN (NYSEARCA:MLPR) Sees Large Growth in Short Interest

ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN (NYSEARCA:MLPR) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 686 shares, a growth of 1,043.3% from the May 31st total of 60 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily volume of 285 shares, the days-to-cover ratio is presently 2.4 days.

ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN Price Performance

ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN stock opened at $68.23 on Friday. The company’s 50-day moving average price is $71.12 and its two-hundred day moving average price is $67.31. ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN has a 52 week low of $49.81 and a 52 week high of $77.89.

ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 21st. Investors of record on Monday, April 13th were paid a dividend of $1.6645 per share. This is a boost from ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN’s previous quarterly dividend of $1.62. This represents a $6.66 dividend on an annualized basis and a dividend yield of 9.8%. The ex-dividend date was Monday, April 13th.

About ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN

The ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN (MLPR) is an exchange-traded fund that is based on the Alerian MLP index. The fund provides quarterly 1.5x leveraged exposure to a market-cap-weighted index of 50 publicly traded energy MLPs. MLPR was launched on Jun 2, 2020 and is issued by ETRACS.