ETRACS Alerian MLP Infrastructure Index ETN Series B (NYSEARCA:MLPB) Sees Large Drop in Short Interest

ETRACS Alerian MLP Infrastructure Index ETN Series B (NYSEARCA:MLPB) saw a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 186 shares, a decrease of 82.9% from the September 15th total of 1,085 shares. Based on an average daily volume of 6,500 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

ETRACS Alerian MLP Infrastructure Index ETN Series B Price Performance

Shares of NYSEARCA MLPB opened at $29.53 on Friday. The stock’s 50-day simple moving average is $30.71 and its 200-day simple moving average is $29.74. ETRACS Alerian MLP Infrastructure Index ETN Series B has a fifty-two week low of $23.41 and a fifty-two week high of $31.94.

ETRACS Alerian MLP Infrastructure Index ETN Series B Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 21st. Stockholders of record on Tuesday, October 13th will be paid a $0.4342 dividend. This is a drop from ETRACS Alerian MLP Infrastructure Index ETN Series B’s previous quarterly dividend of $0.4437. The ex-dividend date is Tuesday, October 13th. This represents a $1.74 annualized dividend and a dividend yield of 5.9%.

ETRACS Alerian MLP Infrastructure Index ETN Series B Company Profile

The ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB) is an exchange-traded fund that is based on the Alerian MLP Infrastructure index, a market-cap-weighted index of 25 North American energy infrastructure master limited partnerships. MLPB was launched on Oct 8, 2015 and is issued by ETRACS.