ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN (NYSEARCA:BDCX) Sees Significant Growth in Short Interest

ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN (NYSEARCA:BDCX) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 1,233 shares, an increase of 165.7% from the August 31st total of 464 shares. Based on an average trading volume of 580 shares, the short-interest ratio is currently 2.1 days. Approximately 0.4% of the company’s stock are sold short.

ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN Price Performance

Shares of BDCX traded down $0.10 during trading hours on Monday, hitting $19.78. The company had a trading volume of 5,237 shares, compared to its average volume of 2,943. The firm has a fifty day moving average price of $20.31 and a 200-day moving average price of $20.30. ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN has a 52-week low of $17.60 and a 52-week high of $26.78.

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

The company also recently announced a dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Tuesday, July 14th were paid a $1.1716 dividend. This is a boost from ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN’s previous dividend of $1.0311. The ex-dividend date was Tuesday, July 14th.

About ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN

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.