ETRACS Linked to the Wells Fargo Business Development Company Index ETN (NYSEARCA:BDCS) Shares Cross Below Two Hundred Day Moving Average of $19.74

ETRACS Linked to the Wells Fargo Business Development Company Index ETN (NYSEARCA:BDCS)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $19.74 and traded as low as $20.08. ETRACS Linked to the Wells Fargo Business Development Company Index ETN shares last traded at $20.10, with a volume of 56,875 shares changing hands.

The stock has a 50 day simple moving average of $19.66 and a 200 day simple moving average of $19.74.

A hedge fund recently raised its stake in ETRACS Linked to the Wells Fargo Business Development Company Index ETN stock. Rockland Trust Co. lifted its stake in shares of ETRACS Linked to the Wells Fargo Business Development Company Index ETN (NYSEARCA:BDCS) by 19.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,657 shares of the exchange traded fund’s stock after buying an additional 5,973 shares during the period. Rockland Trust Co. owned about 0.81% of ETRACS Linked to the Wells Fargo Business Development Company Index ETN worth $730,000 at the end of the most recent quarter.

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