ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (NYSEARCA:CEFD – Get Free Report) saw a large decline in short interest in October. As of October 15th, there was short interest totaling 301 shares, a decline of 67.1% from the September 30th total of 916 shares. Based on an average daily trading volume, of 1,376 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.
ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN Trading Down 1.5%
Shares of CEFD traded down $0.27 during mid-day trading on Friday, reaching $17.31. The company had a trading volume of 109 shares, compared to its average volume of 1,373. ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN has a 1-year low of $15.47 and a 1-year high of $20.50. The company’s 50 day simple moving average is $18.02 and its 200 day simple moving average is $18.66.
ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN Increases Dividend
The firm also recently announced a dividend, which was paid on Wednesday, October 21st. Shareholders of record on Tuesday, October 13th were issued a dividend of $0.2697 per share. The ex-dividend date of this dividend was Tuesday, October 13th. This is a positive change from ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN’s previous dividend of $0.2084.
ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN Company Profile
The ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (CEFD) is an exchange-traded fund that is based on the SNET Composite Closed-End Fund index. The fund provides monthly 1.5x leveraged exposure to an index of three types of yield-focused CEFs: investment-grade fixed-income, high-yield fixed-income, and option-writing. CEFs that trade at discount receive higher weights. CEFD was launched on Jun 2, 2020 and is issued by ETRACS.
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