ETRACS MarketVector Business Development Companies Liquid Index ETN (NYSEARCA:BDCZ) Sees Large Drop in Short Interest

ETRACS MarketVector Business Development Companies Liquid Index ETN (NYSEARCA:BDCZ) was the recipient of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 1,404 shares, a decline of 81.4% from the July 30th total of 7,539 shares. Based on an average daily trading volume, of 2,148 shares, the short-interest ratio is currently 0.7 days. Approximately 0.2% of the company’s shares are sold short.

ETRACS MarketVector Business Development Companies Liquid Index ETN Price Performance

Shares of BDCZ traded down $0.03 during mid-day trading on Wednesday, reaching $15.55. 410 shares of the company were exchanged, compared to its average volume of 1,377. ETRACS MarketVector Business Development Companies Liquid Index ETN has a 52 week low of $12.92 and a 52 week high of $19.60. The business has a 50 day simple moving average of $14.95 and a two-hundred day simple moving average of $15.11.

ETRACS MarketVector Business Development Companies Liquid Index ETN Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Tuesday, July 14th were given a dividend of $0.5323 per share. The ex-dividend date of this dividend was Tuesday, July 14th. This represents a $2.13 dividend on an annualized basis and a yield of 13.7%. This is a boost from ETRACS MarketVector Business Development Companies Liquid Index ETN’s previous quarterly dividend of $0.45.

About ETRACS MarketVector Business Development Companies Liquid Index ETN

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.