ETRACS MarketVector Business Development Companies Liquid Index ETN (NYSEARCA:BDCZ) Short Interest Up 100.0% in September

ETRACS MarketVector Business Development Companies Liquid Index ETN (NYSEARCA:BDCZ) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 200 shares, an increase of 100.0% from the September 15th total of 100 shares. Based on an average trading volume of 2,500 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 2,500 shares, the days-to-cover ratio is presently 0.1 days.

ETRACS MarketVector Business Development Companies Liquid Index ETN Stock Performance

Shares of NYSEARCA BDCZ opened at $16.16 on Monday. ETRACS MarketVector Business Development Companies Liquid Index ETN has a 1 year low of $15.20 and a 1 year high of $20.42. The firm’s 50 day moving average price is $17.55 and its 200 day moving average price is $17.85.

ETRACS MarketVector Business Development Companies Liquid Index ETN Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Friday, October 10th will be given a dividend of $0.4458 per share. This represents a $1.78 dividend on an annualized basis and a yield of 11.0%. This is an increase from ETRACS MarketVector Business Development Companies Liquid Index ETN’s previous quarterly dividend of $0.44. The ex-dividend date is Friday, October 10th.

About ETRACS MarketVector Business Development Companies Liquid Index ETN

The ETRACS MarketVector Business Development Companies Liquid Index ETN (BDCZ) is an exchange-traded fund that mostly invests in financials equity. The fund tracks an index of at least 25 companies invested in the initial growth stages of small firms. BDCZ was launched on Oct 8, 2015 and is issued by ETRACS.