ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN (NYSEARCA:BDCX) Sees Large Drop in Short Interest

ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN (NYSEARCA:BDCX) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 464 shares, a decrease of 67.0% from the August 15th total of 1,406 shares. Based on an average daily volume of 948 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.2% of the company’s stock are short sold.

ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN Price Performance

Shares of BDCX traded up $0.07 during trading hours on Friday, reaching $20.21. The stock had a trading volume of 24 shares, compared to its average volume of 2,934. The firm has a 50-day simple moving average of $20.26 and a 200 day simple moving average of $20.34. ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN has a 12 month low of $17.60 and a 12 month high of $28.09.

ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, July 22nd. Investors of record on Tuesday, July 14th were issued a $1.1716 dividend. The ex-dividend date was Tuesday, July 14th. This is a boost from ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN’s previous dividend of $1.03.

About ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN

The ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN (BDCX) is an exchange-traded fund that mostly invests in financials equity. The fund provides 1.5x leveraged exposure, compounded quarterly, to a tiered-weighted index of business development companies (BDC) listed and incorporated in the US. BDCX was launched on Jun 2, 2020 and is issued by ETRACS.