ETRACS MarketVector Business Development Companies Liquid Index ETN (NYSEARCA:BDCZ – Get Free Report) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totaling 7,539 shares, an increase of 361.7% from the July 15th total of 1,633 shares. Based on an average daily trading volume, of 1,984 shares, the days-to-cover ratio is currently 3.8 days. Currently, 1.0% of the shares of the stock are short sold.
ETRACS MarketVector Business Development Companies Liquid Index ETN Price Performance
NYSEARCA:BDCZ traded up $0.27 during trading hours on Thursday, reaching $15.73. 1,037 shares of the company traded hands, compared to its average volume of 1,414. The firm’s 50-day moving average is $14.86 and its 200-day moving average is $15.15. ETRACS MarketVector Business Development Companies Liquid Index ETN has a 1-year low of $12.92 and a 1-year high of $19.60.
ETRACS MarketVector Business Development Companies Liquid Index ETN Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Tuesday, July 14th were given a $0.5323 dividend. This is an increase from ETRACS MarketVector Business Development Companies Liquid Index ETN’s previous quarterly dividend of $0.45. This represents a $2.13 annualized dividend and a dividend yield of 13.5%. The ex-dividend date was Tuesday, July 14th.
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.
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