ETRACS Alerian MLP Infrastructure Index ETN Series B (NYSEARCA:MLPB) Shares Shorted: Short Interest Down 82.9% in September

ETRACS Alerian MLP Infrastructure Index ETN Series B (NYSEARCA:MLPB) was the recipient of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 186 shares, a decrease of 82.9% from the September 15th total of 1,085 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 6,500 shares, the short-interest ratio is presently 0.0 days.

ETRACS Alerian MLP Infrastructure Index ETN Series B Stock Performance

Shares of ETRACS Alerian MLP Infrastructure Index ETN Series B stock traded down $0.20 during midday trading on Friday, hitting $29.53. The company’s stock had a trading volume of 2,225 shares, compared to its average volume of 5,819. ETRACS Alerian MLP Infrastructure Index ETN Series B has a 1-year low of $23.41 and a 1-year high of $31.94. The stock has a 50-day simple moving average of $30.71 and a 200-day simple moving average of $29.74.

ETRACS Alerian MLP Infrastructure Index ETN Series B Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 21st. Stockholders of record on Tuesday, October 13th will be issued a dividend of $0.4342 per share. The ex-dividend date is Tuesday, October 13th. This represents a $1.74 annualized dividend and a dividend yield of 5.9%. This is a decrease from ETRACS Alerian MLP Infrastructure Index ETN Series B’s previous quarterly dividend of $0.4437.

About ETRACS Alerian MLP Infrastructure Index ETN Series B

The ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB) is an exchange-traded fund that is based on the Alerian MLP Infrastructure index, a market-cap-weighted index of 25 North American energy infrastructure master limited partnerships. MLPB was launched on Oct 8, 2015 and is issued by ETRACS.