ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B (NYSEARCA:SMHB) Short Interest Down 38.4% in June

ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B (NYSEARCA:SMHB) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 6,548 shares, a drop of 38.4% from the May 31st total of 10,622 shares. Based on an average trading volume of 22,571 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are short sold.

ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B Stock Up 1.0%

Shares of NYSEARCA:SMHB traded up $0.04 during trading on Thursday, hitting $4.20. 22,167 shares of the company were exchanged, compared to its average volume of 23,208. ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B has a 12-month low of $3.36 and a 12-month high of $5.01. The firm’s 50 day moving average price is $3.90 and its 200-day moving average price is $3.96.

ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Friday, June 12th were issued a $0.048 dividend. This represents a c) annualized dividend and a dividend yield of 13.7%. The ex-dividend date of this dividend was Friday, June 12th.

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.