ETRACS Alerian MLP Infrastructure Index ETN Series B (NYSEARCA:MLPB) Short Interest Up 628.4% in August

ETRACS Alerian MLP Infrastructure Index ETN Series B (NYSEARCA:MLPB) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 7,903 shares, a growth of 628.4% from the July 30th total of 1,085 shares. Based on an average daily trading volume, of 4,554 shares, the days-to-cover ratio is presently 1.7 days. Currently, 0.1% of the company’s stock are sold short.

ETRACS Alerian MLP Infrastructure Index ETN Series B Price Performance

NYSEARCA MLPB opened at $30.93 on Wednesday. The business has a fifty day simple moving average of $29.82 and a 200 day simple moving average of $29.24. ETRACS Alerian MLP Infrastructure Index ETN Series B has a 12 month low of $23.41 and a 12 month high of $31.38.

ETRACS Alerian MLP Infrastructure Index ETN Series B Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Tuesday, July 14th were paid a $0.4437 dividend. This represents a $1.77 annualized dividend and a dividend yield of 5.7%. The ex-dividend date was Tuesday, July 14th. This is a positive change from ETRACS Alerian MLP Infrastructure Index ETN Series B’s previous quarterly dividend of $0.44.

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.