Short Interest in ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN (NYSEARCA:MLPR) Expands By 159.9%

ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN (NYSEARCA:MLPR) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 408 shares, a growth of 159.9% from the July 30th total of 157 shares. Based on an average daily volume of 496 shares, the short-interest ratio is currently 0.8 days. Currently, 0.3% of the company’s shares are sold short.

ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN Trading Down 0.3%

MLPR opened at $77.97 on Friday. The firm’s fifty day moving average is $73.32 and its two-hundred day moving average is $71.64. ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN has a twelve month low of $49.81 and a twelve month high of $78.17.

ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Tuesday, July 14th were given a $1.767 dividend. The ex-dividend date was Tuesday, July 14th. This represents a $7.07 dividend on an annualized basis and a dividend yield of 9.1%. This is an increase from ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN’s previous quarterly dividend of $1.66.

About ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN

The ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN (MLPR) is an exchange-traded fund that is based on the Alerian MLP index. The fund provides quarterly 1.5x leveraged exposure to a market-cap-weighted index of 50 publicly traded energy MLPs. MLPR was launched on Jun 2, 2020 and is issued by ETRACS.