ETRACS Alerian MLP Index ETN Series B (NYSEARCA:AMUB) Sees Significant Decrease in Short Interest

ETRACS Alerian MLP Index ETN Series B (NYSEARCA:AMUB) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 345 shares, a decline of 35.5% from the September 15th total of 535 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 233 shares, the days-to-cover ratio is currently 1.5 days.

ETRACS Alerian MLP Index ETN Series B Stock Down 0.8%

NYSEARCA AMUB opened at $21.59 on Friday. The firm’s fifty day moving average price is $23.00 and its two-hundred day moving average price is $22.45. ETRACS Alerian MLP Index ETN Series B has a fifty-two week low of $17.91 and a fifty-two week high of $24.44.

ETRACS Alerian MLP Index ETN Series B Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Friday, August 28th were issued a dividend of $0.3130 per share. This is a negative change from ETRACS Alerian MLP Index ETN Series B’s previous quarterly dividend of $0.3242. The ex-dividend date of this dividend was Friday, August 28th. This represents a $1.25 annualized dividend and a dividend yield of 5.8%.

Institutional Investors Weigh In On ETRACS Alerian MLP Index ETN Series B

An institutional investor recently raised its position in ETRACS Alerian MLP Index ETN Series B stock. North Capital Inc. boosted its position in ETRACS Alerian MLP Index ETN Series B (NYSEARCA:AMUB) by 1.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,130 shares of the company’s stock after purchasing an additional 929 shares during the period. ETRACS Alerian MLP Index ETN Series B accounts for about 1.6% of North Capital Inc.’s portfolio, making the stock its 11th biggest holding. North Capital Inc. owned about 5.18% of ETRACS Alerian MLP Index ETN Series B worth $1,912,000 at the end of the most recent reporting period.

About ETRACS Alerian MLP Index ETN Series B

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.