ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B (NYSEARCA:BDCZ) Stock Price Down 0.2% – Here’s Why

Shares of ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B (NYSEARCA:BDCZ) fell 0.2% during mid-day trading on Wednesday . The stock traded as low as $18.84 and last traded at $18.88. Approximately 3,653 shares traded hands during trading, an increase of 44% from the average session volume of 2,529 shares. The stock had previously closed at $18.91.

ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B Trading Down 0.2 %

The stock has a 50-day moving average price of $19.67 and a 200 day moving average price of $19.21.

ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, January 22nd. Shareholders of record on Monday, January 13th were given a dividend of $0.3226 per share. The ex-dividend date of this dividend was Monday, January 13th.

About ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B

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.