ETRACS Alerian MLP Index ETN Series B (NYSEARCA:AMUB) Short Interest Update

ETRACS Alerian MLP Index ETN Series B (NYSEARCA:AMUB – Get Free Report) was the target of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 4,636 shares, a decrease of 73.4% from the June 30th total of 17,403 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 597 shares, the days-to-cover ratio is presently 7.8 days.

ETRACS Alerian MLP Index ETN Series B Stock Performance

AMUB traded up $0.02 on Friday, reaching $23.08. The company had a trading volume of 9 shares, compared to its average volume of 780. The company has a fifty day moving average of $22.17 and a 200-day moving average of $21.59. ETRACS Alerian MLP Index ETN Series B has a one year low of $17.65 and a one year high of $23.55.

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ETRACS Alerian MLP Index ETN Series B Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Friday, May 29th were issued a $0.3242 dividend. This represents a $1.30 annualized dividend and a dividend yield of 5.6%. This is a boost from ETRACS Alerian MLP Index ETN Series B’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, May 29th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Susquehanna International Group LLP acquired a new stake in ETRACS Alerian MLP Index ETN Series B in the third quarter worth approximately $886,000. Virtu Financial LLC acquired a new position in shares of ETRACS Alerian MLP Index ETN Series B during the 4th quarter valued at $394,000. Finally, North Capital Inc. increased its position in shares of 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 valued at $1,912,000 after purchasing an additional 929 shares during the period.

ETRACS Alerian MLP Index ETN Series B Company Profile

(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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