ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B (NYSEARCA:SMHB – Get Free Report) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 4,457 shares, a growth of 665.8% from the April 30th total of 582 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 18,320 shares, the days-to-cover ratio is presently 0.2 days.
ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B Stock Performance
Shares of SMHB traded up $0.03 during midday trading on Thursday, hitting $3.90. The company had a trading volume of 19,832 shares, compared to its average volume of 22,775. 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. The company’s 50-day simple moving average is $3.79 and its 200-day simple moving average is $3.96.
ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B Increases Dividend
The company also recently declared a monthly dividend, which was paid on Thursday, May 21st. Shareholders of record on Wednesday, May 13th were given a dividend of $0.078 per share. This represents a c) annualized dividend and a yield of 24.0%. This is a positive change from ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Wednesday, May 13th.
About ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B
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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