ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B (NYSEARCA:SMHB – Get Free Report) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 31,748 shares, a growth of 886.0% from the September 30th total of 3,220 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average trading volume of 37,987 shares, the short-interest ratio is currently 0.8 days.
ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B Stock Performance
SMHB stock traded up $0.00 during midday trading on Tuesday, hitting $3.33. 1,603 shares of the company’s stock were exchanged, compared to its average volume of 22,733. ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B has a one year low of $3.01 and a one year high of $4.49. The stock’s fifty day moving average price is $3.66 and its 200-day moving average price is $3.91.
ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B Increases Dividend
The firm also recently announced a monthly dividend, which was paid on Wednesday, October 21st. Investors of record on Tuesday, October 13th were issued a dividend of $0.0879 per share. The ex-dividend date was Tuesday, October 13th. This is a positive change from ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B’s previous monthly dividend of $0.0467. This represents a $1.05 annualized dividend and a yield of 31.7%.
About ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B
The ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B (SMHB) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks twice the monthly returns of a dividends-selected, liquidity-weighted index of US small-cap equities. SMHB was launched on Nov 8, 2018 and is issued by ETRACS.
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