ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B (NYSEARCA:SMHB) Sees Large Decline in Short Interest

ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B (NYSEARCA:SMHBGet Free Report) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totaling 6,548 shares, a decline of 38.4% from the May 31st total of 10,622 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 22,571 shares, the days-to-cover ratio is presently 0.3 days.

ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B Price Performance

NYSEARCA:SMHB opened at $4.20 on Friday. The firm has a 50 day simple moving average of $3.91 and a 200-day simple moving average of $3.96. ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B has a 1-year low of $3.36 and a 1-year high of $5.01.

ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Friday, June 12th were paid a $0.048 dividend. This represents a c) annualized dividend and a yield of 13.7%. The ex-dividend date of this dividend was Friday, June 12th.

About ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B

(Get Free Report)

The ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B (SMHB) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks twice the monthly returns of a dividends-selected, liquidity-weighted index of US small-cap equities. SMHB was launched on Nov 8, 2018 and is issued by ETRACS.

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