ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B (NYSEARCA:BDCZ) Trading Down 0.4% – Here’s What Happened

ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B (NYSEARCA:BDCZ)’s stock price dropped 0.4% during mid-day trading on Wednesday . The stock traded as low as $19.32 and last traded at $19.32. Approximately 6 shares were traded during mid-day trading, a decline of 100% from the average daily volume of 2,375 shares. The stock had previously closed at $19.40.

ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B Price Performance

The business has a 50 day moving average price of $19.63 and a 200 day moving average price of $19.26.

ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, January 22nd. Investors of record on Monday, January 13th were paid a dividend of $0.3226 per share. The ex-dividend date was Monday, January 13th.

ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B Company Profile

The ETRACS MarketVector Business Development Companies Liquid Index ETN (BDCZ) is an exchange-traded fund that mostly invests in financials equity. The fund tracks an index of at least 25 companies invested in the initial growth stages of small firms. BDCZ was launched on Oct 8, 2015 and is issued by ETRACS.