ETRACS Alerian MLP Index ETN Series B (NYSEARCA:AMUB) Short Interest Update

ETRACS Alerian MLP Index ETN Series B (NYSEARCA:AMUB) was the recipient of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 4,636 shares, a decline of 73.4% from the June 30th total of 17,403 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average trading volume of 597 shares, the days-to-cover ratio is presently 7.8 days.

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

A number of institutional investors have recently added to or reduced their stakes in AMUB. Susquehanna International Group LLP purchased a new position in shares of ETRACS Alerian MLP Index ETN Series B in the third quarter worth about $886,000. Virtu Financial LLC acquired a new position in shares of ETRACS Alerian MLP Index ETN Series B in the 4th quarter valued at $394,000. Finally, North Capital Inc. increased its holdings in ETRACS Alerian MLP Index ETN Series B by 1.1% in the 1st quarter. North Capital Inc. now owns 88,130 shares of the company’s stock valued at $1,912,000 after purchasing an additional 929 shares during the last quarter.

ETRACS Alerian MLP Index ETN Series B Stock Performance

Shares of NYSEARCA AMUB traded down $0.23 during trading on Monday, hitting $22.85. The stock had a trading volume of 9 shares, compared to its average volume of 780. ETRACS Alerian MLP Index ETN Series B has a 12 month low of $17.65 and a 12 month high of $23.55. The firm has a fifty day moving average of $22.17 and a two-hundred day moving average of $21.61.

ETRACS Alerian MLP Index ETN Series B Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Friday, May 29th were given a $0.3242 dividend. This represents a $1.30 annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend was Friday, May 29th. This is an increase from ETRACS Alerian MLP Index ETN Series B’s previous quarterly dividend of $0.32.

ETRACS Alerian MLP Index ETN Series B Company Profile

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.