Short Interest in ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (NYSEARCA:CEFD) Increases By 67.1%

ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (NYSEARCA:CEFD) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 1,370 shares, a growth of 67.1% from the April 30th total of 820 shares. Based on an average trading volume of 1,028 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.3% of the shares of the company are sold short.

ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN Trading Down 1.0%

Shares of CEFD stock opened at $19.20 on Thursday. The stock has a 50 day moving average of $18.55 and a two-hundred day moving average of $18.91. ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN has a 12 month low of $15.47 and a 12 month high of $20.50.

ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, May 21st. Investors of record on Wednesday, May 13th were issued a dividend of $0.2155 per share. The ex-dividend date of this dividend was Wednesday, May 13th.

About ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN

The ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (CEFD) is an exchange-traded fund that is based on the SNET Composite Closed-End Fund index. The fund provides monthly 1.5x leveraged exposure to an index of three types of yield-focused CEFs: investment-grade fixed-income, high-yield fixed-income, and option-writing. CEFs that trade at discount receive higher weights. CEFD was launched on Jun 2, 2020 and is issued by ETRACS.