ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (NYSEARCA:HDLB) Sees Large Increase in Short Interest

ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (NYSEARCA:HDLB) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 4,253 shares, a growth of 26,481.2% from the May 31st total of 16 shares. Based on an average daily volume of 6,073 shares, the short-interest ratio is currently 0.7 days. Approximately 1.3% of the company’s shares are short sold.

ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B Price Performance

Shares of NYSEARCA:HDLB opened at $16.37 on Friday. The company’s fifty day moving average is $16.34 and its two-hundred day moving average is $16.56. ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B has a 12-month low of $14.33 and a 12-month high of $19.44.

ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Friday, June 12th were issued a dividend of $0.0757 per share. The ex-dividend date was Friday, June 12th.

ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B Company Profile

The ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks 2x leveraged exposure to an index, compounded monthly, of 40 stocks that have been culled from a list of the 1,000 largest US firms based primarily on high dividends and low volatility. HDLB was launched on Oct 24, 2019 and is issued by ETRACS.