ETRACS Alerian MLP Index ETN Series B (NYSEARCA:AMUB – Get Free Report) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 17,403 shares, an increase of 592.2% from the June 15th total of 2,514 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average daily trading volume, of 4,033 shares, the days-to-cover ratio is currently 4.3 days.
ETRACS Alerian MLP Index ETN Series B Stock Performance
AMUB stock traded down $0.18 during mid-day trading on Friday, hitting $21.99. The company had a trading volume of 5,210 shares, compared to its average volume of 832. ETRACS Alerian MLP Index ETN Series B has a 12 month low of $17.65 and a 12 month high of $23.55. The stock’s fifty day moving average price is $22.14 and its two-hundred day moving average price is $21.32.
ETRACS Alerian MLP Index ETN Series B Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Friday, May 29th were paid a dividend of $0.3242 per share. This represents a $1.30 annualized dividend and a dividend yield of 5.9%. The ex-dividend date was Friday, May 29th. This is an increase from ETRACS Alerian MLP Index ETN Series B’s previous quarterly dividend of $0.32.
Institutional Investors Weigh In On ETRACS Alerian MLP Index ETN Series B
About ETRACS Alerian MLP Index ETN Series B
The ETRACS Alerian MLP Index ETN Class B (AMUB) is an exchange-traded fund that is based on the Alerian MLP index, a market-cap-weighted index of 50 publicly traded energy MLPs. AMUB was launched on Oct 8, 2015 and is issued by ETRACS.
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