ETRACS Alerian MLP Infrastructure Index ETN Series B (NYSEARCA:MLPB) Stock Short Interest Drops 69.9%

ETRACS Alerian MLP Infrastructure Index ETN Series B (NYSEARCA:MLPB) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 56 shares, a decrease of 69.9% from the September 30th total of 186 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 5,421 shares, the short-interest ratio is presently 0.0 days.

ETRACS Alerian MLP Infrastructure Index ETN Series B Trading Down 0.5%

Shares of MLPB opened at $29.46 on Wednesday. The firm has a 50-day simple moving average of $30.36 and a two-hundred day simple moving average of $29.20. ETRACS Alerian MLP Infrastructure Index ETN Series B has a 1-year low of $24.16 and a 1-year high of $31.94.

ETRACS Alerian MLP Infrastructure Index ETN Series B Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 21st. Stockholders of record on Tuesday, October 13th were given a dividend of $0.4342 per share. The ex-dividend date of this dividend was Tuesday, October 13th. This represents a $1.74 annualized dividend and a dividend yield of 5.9%. This is a decrease from ETRACS Alerian MLP Infrastructure Index ETN Series B’s previous quarterly dividend of $0.4437.

About ETRACS Alerian MLP Infrastructure Index ETN Series B

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.