ETRACS MarketVector Business Development Companies Liquid Index ETN (NYSEARCA:BDCZ) Short Interest Up 361.7% in July

ETRACS MarketVector Business Development Companies Liquid Index ETN (NYSEARCA:BDCZ) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 7,539 shares, an increase of 361.7% from the July 15th total of 1,633 shares. Approximately 1.0% of the company’s shares are short sold. Based on an average trading volume of 1,984 shares, the short-interest ratio is currently 3.8 days.

ETRACS MarketVector Business Development Companies Liquid Index ETN Price Performance

Shares of BDCZ traded down $0.12 during mid-day trading on Wednesday, hitting $15.42. The company had a trading volume of 288 shares, compared to its average volume of 1,417. ETRACS MarketVector Business Development Companies Liquid Index ETN has a 1-year low of $12.92 and a 1-year high of $19.60. The business’s 50-day simple moving average is $14.84 and its 200-day simple moving average is $15.17.

ETRACS MarketVector Business Development Companies Liquid Index ETN Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Tuesday, July 14th were paid a dividend of $0.5323 per share. This is an increase from ETRACS MarketVector Business Development Companies Liquid Index ETN’s previous quarterly dividend of $0.45. This represents a $2.13 dividend on an annualized basis and a yield of 13.8%. The ex-dividend date of this dividend was Tuesday, July 14th.

ETRACS MarketVector Business Development Companies Liquid Index ETN Company Profile

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.