ETRACS Alerian MLP Infrastructure Index ETN Series B (NYSEARCA:MLPB) Sees Significant Drop in Short Interest

ETRACS Alerian MLP Infrastructure Index ETN Series B (NYSEARCA:MLPB) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 511 shares, a drop of 93.5% from the August 15th total of 7,903 shares. Based on an average daily trading volume, of 3,087 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

ETRACS Alerian MLP Infrastructure Index ETN Series B Price Performance

Shares of NYSEARCA MLPB traded up $0.06 during trading on Friday, reaching $31.70. The stock had a trading volume of 121 shares, compared to its average volume of 5,859. ETRACS Alerian MLP Infrastructure Index ETN Series B has a one year low of $23.41 and a one year high of $31.94. The firm’s 50 day moving average price is $30.62 and its two-hundred day moving average price is $29.56.

ETRACS Alerian MLP Infrastructure Index ETN Series B Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Tuesday, July 14th were issued a $0.4437 dividend. This is a boost from ETRACS Alerian MLP Infrastructure Index ETN Series B’s previous quarterly dividend of $0.44. This represents a $1.77 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend was Tuesday, July 14th.

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.