Short Interest in ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN (NYSEARCA:BDCX) Drops By 67.0%

ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN (NYSEARCA:BDCX) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 464 shares, a decline of 67.0% from the August 15th total of 1,406 shares. Based on an average daily volume of 948 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the company’s shares are sold short.

ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN Stock Performance

NYSEARCA:BDCX traded up $0.07 during trading hours on Friday, reaching $20.21. 24 shares of the company were exchanged, compared to its average volume of 2,934. ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN has a 52-week low of $17.60 and a 52-week high of $28.09. The stock has a 50 day simple moving average of $20.26 and a 200 day simple moving average of $20.33.

ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Tuesday, July 14th were issued a dividend of $1.1716 per share. The ex-dividend date was Tuesday, July 14th. This is a positive change from ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN’s previous dividend of $1.03.

ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN Company Profile

The ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN (BDCX) is an exchange-traded fund that mostly invests in financials equity. The fund provides 1.5x leveraged exposure, compounded quarterly, to a tiered-weighted index of business development companies (BDC) listed and incorporated in the US. BDCX was launched on Jun 2, 2020 and is issued by ETRACS.