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

ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (NYSEARCA:CEFD) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 5,983 shares, an increase of 289.5% from the June 30th total of 1,536 shares. Currently, 1.2% of the company’s stock are short sold. Based on an average daily volume of 1,719 shares, the short-interest ratio is presently 3.5 days.

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

Shares of NYSEARCA:CEFD opened at $18.57 on Tuesday. The company’s 50-day moving average price is $19.03 and its two-hundred day moving average price is $18.88. ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN has a one year low of $15.47 and a one year high of $20.50.

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

The business also recently announced a dividend, which was paid on Wednesday, July 22nd. Investors of record on Tuesday, July 14th were issued a dividend of $0.2691 per share. The ex-dividend date was Tuesday, July 14th. This is a boost from ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN’s previous dividend of $0.22.

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

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.