ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (NYSEARCA:CEFD) Short Interest Update

ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (NYSEARCA:CEFD) was the target of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 2,767 shares, a decline of 39.4% from the July 30th total of 4,566 shares. Based on an average daily volume of 1,033 shares, the short-interest ratio is presently 2.7 days. Approximately 0.6% of the shares of the company are short sold.

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

Shares of NYSEARCA:CEFD opened at $19.04 on Wednesday. The business has a 50 day moving average price of $19.04 and a 200 day moving average price of $18.81. ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN has a twelve month low of $15.47 and a twelve month high of $20.50.

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

The business also recently announced a dividend, which was paid on Thursday, August 20th. Investors of record on Wednesday, August 12th were paid a dividend of $0.0083 per share. The ex-dividend date was Wednesday, August 12th.

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

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.