ETRACS Alerian MLP Index ETN Series B (NYSEARCA:AMUB) Short Interest Up 592.2% in June

ETRACS Alerian MLP Index ETN Series B (NYSEARCA:AMUBGet Free Report) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 17,403 shares, a growth of 592.2% from the June 15th total of 2,514 shares. Based on an average trading volume of 4,033 shares, the short-interest ratio is presently 4.3 days. Approximately 1.0% of the shares of the company are short sold.

ETRACS Alerian MLP Index ETN Series B Stock Down 0.8%

ETRACS Alerian MLP Index ETN Series B stock traded down $0.18 during mid-day trading on Friday, reaching $21.99. The company’s stock had a trading volume of 5,210 shares, compared to its average volume of 832. The firm’s fifty day moving average price is $22.14 and its two-hundred day moving average price is $21.32. ETRACS Alerian MLP Index ETN Series B has a 12-month low of $17.65 and a 12-month high of $23.55.

ETRACS Alerian MLP Index ETN Series B Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Friday, May 29th were paid a $0.3242 dividend. The ex-dividend date was Friday, May 29th. This represents a $1.30 annualized dividend and a yield of 5.9%. This is an increase from ETRACS Alerian MLP Index ETN Series B’s previous quarterly dividend of $0.32.

Hedge Funds Weigh In On ETRACS Alerian MLP Index ETN Series B

Large investors have recently modified their holdings of the company. Virtu Financial LLC bought a new position in shares of ETRACS Alerian MLP Index ETN Series B in the fourth quarter valued at approximately $394,000. Susquehanna International Group LLP bought a new stake in ETRACS Alerian MLP Index ETN Series B during the 3rd quarter worth approximately $886,000. Finally, North Capital Inc. increased its holdings in ETRACS Alerian MLP Index ETN Series B by 1.1% during the 1st quarter. North Capital Inc. now owns 88,130 shares of the company’s stock worth $1,912,000 after acquiring an additional 929 shares during the period.

About ETRACS Alerian MLP Index ETN Series B

(Get Free Report)

The ETRACS Alerian MLP Index ETN Class B (AMUB) is an exchange-traded fund that is based on the Alerian MLP index, a market-cap-weighted index of 50 publicly traded energy MLPs. AMUB was launched on Oct 8, 2015 and is issued by ETRACS.

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