Short Interest in ETRACS MarketVector Business Development Companies Liquid Index ETN (NYSEARCA:BDCZ) Increases By 666.7%

ETRACS MarketVector Business Development Companies Liquid Index ETN (NYSEARCA:BDCZ) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 1,633 shares, an increase of 666.7% from the June 30th total of 213 shares. Based on an average daily trading volume, of 1,726 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.2% of the company’s stock are sold short.

ETRACS MarketVector Business Development Companies Liquid Index ETN Stock Performance

BDCZ stock opened at $14.38 on Friday. The company’s 50 day moving average price is $14.85 and its 200 day moving average price is $15.34. ETRACS MarketVector Business Development Companies Liquid Index ETN has a fifty-two week low of $12.92 and a fifty-two week high of $19.60.

ETRACS MarketVector Business Development Companies Liquid Index ETN Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Tuesday, July 14th were issued a $0.5323 dividend. This represents a $2.13 dividend on an annualized basis and a dividend yield of 14.8%. The ex-dividend date was Tuesday, July 14th. This is a positive change from ETRACS MarketVector Business Development Companies Liquid Index ETN’s previous quarterly dividend of $0.45.

About ETRACS MarketVector Business Development Companies Liquid Index ETN

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.