ETRACS Alerian MLP Infrastructure Index ETN Series B (NYSEARCA:MLPB – Get Free Report) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 7,236 shares, an increase of 526.5% from the April 30th total of 1,155 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 5,349 shares, the short-interest ratio is currently 1.4 days.
ETRACS Alerian MLP Infrastructure Index ETN Series B Stock Performance
Shares of ETRACS Alerian MLP Infrastructure Index ETN Series B stock opened at $28.72 on Friday. ETRACS Alerian MLP Infrastructure Index ETN Series B has a 1 year low of $23.41 and a 1 year high of $30.78. The company’s fifty day simple moving average is $29.16 and its 200-day simple moving average is $27.46.
ETRACS Alerian MLP Infrastructure Index ETN Series B Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 21st. Stockholders of record on Monday, April 13th were issued a dividend of $0.4359 per share. This represents a $1.74 annualized dividend and a dividend yield of 6.1%. The ex-dividend date was Monday, April 13th. This is a positive change from ETRACS Alerian MLP Infrastructure Index ETN Series B’s previous quarterly dividend of $0.44.
ETRACS Alerian MLP Infrastructure Index ETN Series B Company Profile
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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