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

ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (NYSEARCA:HDLB) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 18,995 shares, a growth of 429.7% from the July 15th total of 3,586 shares. Approximately 5.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 4,563 shares, the days-to-cover ratio is presently 4.2 days.

ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B Stock Down 0.6%

Shares of HDLB traded down $0.10 during mid-day trading on Wednesday, hitting $17.17. 2,303 shares of the stock were exchanged, compared to its average volume of 2,741. ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B has a 52-week low of $14.49 and a 52-week high of $19.44. The firm has a 50-day moving average of $16.81 and a two-hundred day moving average of $17.03.

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

The firm also recently declared a dividend, which will be paid on Thursday, August 20th. Investors of record on Wednesday, August 12th will be given a $0.2083 dividend. This is a boost from ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B’s previous dividend of $0.20. The ex-dividend date is Wednesday, August 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.