ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN (NYSEARCA:BDCX) Short Interest Update

ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN (NYSEARCA:BDCX) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 8,230 shares, a growth of 897.6% from the April 30th total of 825 shares. Based on an average daily trading volume, of 4,607 shares, the short-interest ratio is presently 1.8 days. Currently, 2.7% of the shares of the company are sold short.

ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN Stock Up 0.4%

NYSEARCA BDCX traded up $0.08 during trading hours on Wednesday, hitting $20.09. The company had a trading volume of 650 shares, compared to its average volume of 3,751. ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN has a 52 week low of $17.90 and a 52 week high of $32.41. The firm has a 50 day simple moving average of $20.57 and a 200 day simple moving average of $22.27.

ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, April 21st. Shareholders of record on Monday, April 13th were paid a $1.0311 dividend. The ex-dividend date was Monday, April 13th. This is an increase from ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN’s previous dividend of $0.77.

ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN Company Profile

The ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN (BDCX) is an exchange-traded fund that mostly invests in financials equity. The fund provides 1.5x leveraged exposure, compounded quarterly, to a tiered-weighted index of business development companies (BDC) listed and incorporated in the US. BDCX was launched on Jun 2, 2020 and is issued by ETRACS.