Short Interest in ETRACS Alerian MLP Infrastructure Index ETN Series B (NYSEARCA:MLPB) Expands By 526.5%

ETRACS Alerian MLP Infrastructure Index ETN Series B (NYSEARCA:MLPB) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 7,236 shares, a growth of 526.5% from the April 30th total of 1,155 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 5,349 shares, the days-to-cover ratio is currently 1.4 days.

ETRACS Alerian MLP Infrastructure Index ETN Series B Trading Down 1.7%

Shares of NYSEARCA:MLPB traded down $0.51 during midday trading on Friday, hitting $28.72. 779 shares of the stock were exchanged, compared to its average volume of 7,177. ETRACS Alerian MLP Infrastructure Index ETN Series B has a twelve month low of $23.41 and a twelve month high of $30.78. The company has a 50 day moving average price of $29.16 and a 200-day moving average price of $27.46.

ETRACS Alerian MLP Infrastructure Index ETN Series B Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 21st. Stockholders of record on Monday, April 13th were paid a dividend of $0.4359 per share. This is a boost from ETRACS Alerian MLP Infrastructure Index ETN Series B’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Monday, April 13th. This represents a $1.74 annualized dividend and a dividend yield of 6.1%.

ETRACS Alerian MLP Infrastructure Index ETN Series B Company Profile

The ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB) is an exchange-traded fund that is based on the Alerian MLP Infrastructure index, a market-cap-weighted index of 25 North American energy infrastructure master limited partnerships. MLPB was launched on Oct 8, 2015 and is issued by ETRACS.