ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN (NYSEARCA:BDCX) Short Interest Update

ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN (NYSEARCA:BDCX) was the target of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 4,868 shares, a decline of 40.9% from the May 14th total of 8,230 shares. Currently, 1.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,045 shares, the short-interest ratio is presently 4.7 days.

ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN Trading Down 1.4%

Shares of BDCX stock traded down $0.29 during trading on Monday, hitting $20.01. The company had a trading volume of 1,140 shares, compared to its average volume of 3,468. The stock’s 50-day moving average price is $20.55 and its 200 day moving average price is $21.98. ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN has a one year low of $17.90 and a one year high of $32.41.

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

The firm also recently announced a dividend, which was paid on Tuesday, April 21st. Shareholders of record on Monday, April 13th were paid a dividend of $1.0311 per share. The ex-dividend date was Monday, April 13th. This is a boost from ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN’s previous dividend of $0.77.

ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN Company Profile

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.