ETRACS Alerian MLP Index ETN Series B (NYSEARCA:AMUB) Short Interest Up 592.2% in June

ETRACS Alerian MLP Index ETN Series B (NYSEARCA:AMUBGet Free Report) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 17,403 shares, an increase of 592.2% from the June 15th total of 2,514 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average daily trading volume, of 4,033 shares, the days-to-cover ratio is currently 4.3 days.

ETRACS Alerian MLP Index ETN Series B Stock Performance

AMUB stock traded down $0.18 during mid-day trading on Friday, hitting $21.99. The company had a trading volume of 5,210 shares, compared to its average volume of 832. ETRACS Alerian MLP Index ETN Series B has a 12 month low of $17.65 and a 12 month high of $23.55. The stock’s fifty day moving average price is $22.14 and its two-hundred day moving average price is $21.32.

ETRACS Alerian MLP Index ETN Series B Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Friday, May 29th were paid a dividend of $0.3242 per share. This represents a $1.30 annualized dividend and a dividend yield of 5.9%. The ex-dividend date was Friday, May 29th. This is an increase from ETRACS Alerian MLP Index ETN Series B’s previous quarterly dividend of $0.32.

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

A number of hedge funds have recently modified their holdings of AMUB. Virtu Financial LLC bought a new position in ETRACS Alerian MLP Index ETN Series B during the fourth quarter valued at $394,000. Susquehanna International Group LLP bought a new stake in shares of ETRACS Alerian MLP Index ETN Series B in the third quarter valued at $886,000. Finally, North Capital Inc. raised its stake in shares of ETRACS Alerian MLP Index ETN Series B by 1.1% in the first quarter. North Capital Inc. now owns 88,130 shares of the company’s stock valued at $1,912,000 after buying an additional 929 shares during the period.

About ETRACS Alerian MLP Index ETN Series B

(Get Free Report)

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.

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