ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN (NYSEARCA:MLPR) Stock Short Interest Report for September

ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN (NYSEARCA:MLPR) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 194 shares, a drop of 55.0% from the September 15th total of 431 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 374 shares, the days-to-cover ratio is currently 0.5 days.

ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN Stock Down 2.3%

MLPR stock traded down $1.59 during trading on Tuesday, reaching $68.99. The company had a trading volume of 838 shares, compared to its average volume of 647. ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN has a twelve month low of $49.81 and a twelve month high of $80.16. The firm has a 50-day simple moving average of $75.57 and a 200-day simple moving average of $72.87.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 21st. Shareholders of record on Tuesday, October 13th will be issued a $1.7570 dividend. This is a decrease from ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN’s previous quarterly dividend of $1.7670. This represents a $7.03 dividend on an annualized basis and a dividend yield of 10.2%. The ex-dividend date of this dividend is Tuesday, October 13th.

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.