Short Interest in ETRACS Silver Shares Covered Call ETN (NASDAQ:SLVO) Rises By 60.5%

ETRACS Silver Shares Covered Call ETN (NASDAQ:SLVO) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 75,368 shares, an increase of 60.5% from the May 14th total of 46,964 shares. Approximately 1.9% of the shares of the stock are short sold. Based on an average daily volume of 122,464 shares, the days-to-cover ratio is currently 0.6 days.

ETRACS Silver Shares Covered Call ETN Stock Performance

NASDAQ SLVO traded down $0.25 on Tuesday, reaching $81.18. 67,566 shares of the stock traded hands, compared to its average volume of 100,123. The firm’s fifty day simple moving average is $86.80 and its 200 day simple moving average is $93.86. ETRACS Silver Shares Covered Call ETN has a 12 month low of $75.27 and a 12 month high of $107.41.

ETRACS Silver Shares Covered Call ETN Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Monday, June 22nd will be paid a dividend of $7.0406 per share. This represents a c) dividend on an annualized basis and a yield of 104.1%. The ex-dividend date of this dividend is Monday, June 22nd. This is an increase from ETRACS Silver Shares Covered Call ETN’s previous monthly dividend of $4.73.

Hedge Funds Weigh In On ETRACS Silver Shares Covered Call ETN

An institutional investor recently raised its position in ETRACS Silver Shares Covered Call ETN stock. Claris Financial LLC raised its position in shares of ETRACS Silver Shares Covered Call ETN (NASDAQ:SLVO) by 20.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,095 shares of the company’s stock after purchasing an additional 2,377 shares during the quarter. Claris Financial LLC owned about 0.36% of ETRACS Silver Shares Covered Call ETN worth $1,252,000 as of its most recent SEC filing.

ETRACS Silver Shares Covered Call ETN (NASDAQ: SLVO) is an exchange-traded note listed in the United States that provides investors with a packaged exposure to silver coupled with an options overlay. The product is structured to deliver returns that reflect the performance of a long position in shares representing physical silver together with the income and payoff profile generated by a covered call strategy. As an ETN, SLVO is an unsecured debt instrument whose economic return is tied to the referenced strategy rather than to ownership of a separate pool of assets.

The covered call component typically involves selling call options against the underlying silver shares to collect option premium, which can produce regular income and reduce short‑term volatility, while also capping upside participation when the underlying rises above option strike prices.