ETRACS Alerian MLP Infrastructure Index ETN Series B (NYSEARCA:MLPB) Short Interest Down 71.6% in July

ETRACS Alerian MLP Infrastructure Index ETN Series B (NYSEARCA:MLPB) saw a large drop in short interest in July. As of July 15th, there was short interest totaling 1,241 shares, a drop of 71.6% from the June 30th total of 4,373 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 4,727 shares, the short-interest ratio is presently 0.3 days.

ETRACS Alerian MLP Infrastructure Index ETN Series B Price Performance

Shares of MLPB traded down $0.05 during midday trading on Friday, hitting $30.45. The company had a trading volume of 559 shares, compared to its average volume of 6,363. The company’s 50 day moving average price is $29.34 and its 200 day moving average price is $28.54. ETRACS Alerian MLP Infrastructure Index ETN Series B has a 52 week low of $23.41 and a 52 week high of $30.78.

ETRACS Alerian MLP Infrastructure Index ETN Series B Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Tuesday, July 14th were paid a $0.4437 dividend. This represents a $1.77 dividend on an annualized basis and a yield of 5.8%. This is a positive change from ETRACS Alerian MLP Infrastructure Index ETN Series B’s previous quarterly dividend of $0.44. The ex-dividend date was Tuesday, July 14th.

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.