Short Interest in ETRACS Alerian MLP Index ETN Series B (NYSEARCA:AMUB) Drops By 88.1%

ETRACS Alerian MLP Index ETN Series B (NYSEARCA:AMUB) was the recipient of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 529 shares, a decline of 88.1% from the July 30th total of 4,432 shares. Based on an average daily volume of 9,958 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

ETRACS Alerian MLP Index ETN Series B Stock Up 0.9%

Shares of NYSEARCA AMUB traded up $0.21 during trading on Wednesday, hitting $23.71. 8 shares of the company traded hands, compared to its average volume of 1,307. The company has a 50-day moving average price of $22.55 and a 200-day moving average price of $22.13. ETRACS Alerian MLP Index ETN Series B has a 1 year low of $17.65 and a 1 year high of $24.23.

ETRACS Alerian MLP Index ETN Series B Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Friday, August 28th will be issued a dividend of $0.313 per share. The ex-dividend date is Friday, August 28th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 5.3%.

Institutional Investors Weigh In On ETRACS Alerian MLP Index ETN Series B

Large investors have recently modified their holdings of the stock. Susquehanna International Group LLP acquired a new stake in ETRACS Alerian MLP Index ETN Series B in the third quarter valued at approximately $886,000. Virtu Financial LLC acquired a new stake in ETRACS Alerian MLP Index ETN Series B during the fourth quarter valued at approximately $394,000. Finally, North Capital Inc. lifted its stake in ETRACS Alerian MLP Index ETN Series B by 1.1% during the first quarter. North Capital Inc. now owns 88,130 shares of the company’s stock worth $1,912,000 after purchasing an additional 929 shares during the last quarter.

About ETRACS Alerian MLP Index ETN Series B

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.