ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (NYSEARCA:CEFD) Sees Significant Drop in Short Interest

ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (NYSEARCA:CEFD) was the target of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 1,211 shares, a drop of 49.4% from the August 31st total of 2,391 shares. Based on an average trading volume of 636 shares, the short-interest ratio is currently 1.9 days. Approximately 0.2% of the shares of the stock are short sold.

ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN Stock Performance

Shares of CEFD opened at $17.58 on Tuesday. ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN has a fifty-two week low of $15.47 and a fifty-two week high of $20.50. The firm has a 50 day moving average price of $18.75 and a 200-day moving average price of $18.70.

ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Monday, September 14th were given a dividend of $0.2084 per share. The ex-dividend date was Monday, September 14th. This is a positive change from ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN’s previous dividend of $0.0083.

About ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN

The ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (CEFD) is an exchange-traded fund that is based on the SNET Composite Closed-End Fund index. The fund provides monthly 1.5x leveraged exposure to an index of three types of yield-focused CEFs: investment-grade fixed-income, high-yield fixed-income, and option-writing. CEFs that trade at discount receive higher weights. CEFD was launched on Jun 2, 2020 and is issued by ETRACS.