ETRACS Alerian MLP Index ETN Series B (NYSEARCA:AMUB – Get Free Report) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totaling 17,403 shares, an increase of 592.2% from the June 15th total of 2,514 shares. Approximately 1.0% of the company’s stock are sold short. Based on an average daily trading volume, of 4,033 shares, the short-interest ratio is currently 4.3 days.
ETRACS Alerian MLP Index ETN Series B Trading Up 1.2%
Shares of NYSEARCA:AMUB traded up $0.26 during trading on Monday, reaching $22.25. 5,210 shares of the stock traded hands, compared to its average volume of 832. The stock has a 50-day moving average of $22.14 and a two-hundred day moving average of $21.34. ETRACS Alerian MLP Index ETN Series B has a 52-week low of $17.65 and a 52-week high of $23.55.
ETRACS Alerian MLP Index ETN Series B Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Friday, May 29th were given a $0.3242 dividend. This is a boost from ETRACS Alerian MLP Index ETN Series B’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, May 29th. This represents a $1.30 annualized dividend and a yield of 5.8%.
Institutional Trading of ETRACS Alerian MLP Index ETN Series B
ETRACS Alerian MLP Index ETN Series B Company Profile
The ETRACS Alerian MLP Index ETN Class B (AMUB) is an exchange-traded fund that is based on the Alerian MLP index, a market-cap-weighted index of 50 publicly traded energy MLPs. AMUB was launched on Oct 8, 2015 and is issued by ETRACS.
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