ETRACS Alerian MLP Infrastructure Index ETN Series B (NYSEARCA:MLPB – Get Free Report) was the target of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 4,373 shares, a decrease of 42.3% from the June 15th total of 7,575 shares. Based on an average daily trading volume, of 5,632 shares, the short-interest ratio is currently 0.8 days. Approximately 0.1% of the company’s shares are short sold.
ETRACS Alerian MLP Infrastructure Index ETN Series B Stock Up 0.3%
Shares of NYSEARCA MLPB traded up $0.10 during midday trading on Friday, reaching $29.83. 1,931 shares of the stock were exchanged, compared to its average volume of 6,517. The company has a 50 day simple moving average of $29.28 and a 200 day simple moving average of $28.36. ETRACS Alerian MLP Infrastructure Index ETN Series B has a twelve month low of $23.41 and a twelve month high of $30.78.
ETRACS Alerian MLP Infrastructure Index ETN Series B Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Tuesday, July 14th will be given a $0.4437 dividend. This is an increase from ETRACS Alerian MLP Infrastructure Index ETN Series B’s previous quarterly dividend of $0.44. This represents a $1.77 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date is Tuesday, July 14th.
About ETRACS Alerian MLP Infrastructure Index ETN Series B
The ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB) is an exchange-traded fund that is based on the Alerian MLP Infrastructure index, a market-cap-weighted index of 25 North American energy infrastructure master limited partnerships. MLPB was launched on Oct 8, 2015 and is issued by ETRACS.
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