ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B (NYSEARCA:SMHB) Short Interest Up 665.8% in May

ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B (NYSEARCA:SMHB) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 4,457 shares, a growth of 665.8% from the April 30th total of 582 shares. Based on an average daily trading volume, of 18,320 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B Price Performance

NYSEARCA:SMHB traded up $0.01 during trading hours on Friday, hitting $3.91. 7,264 shares of the company traded hands, compared to its average volume of 22,633. The firm’s 50-day simple moving average is $3.80 and its 200-day simple moving average is $3.96. ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B has a one year low of $3.36 and a one year high of $5.01.

ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, May 21st. Investors of record on Wednesday, May 13th were given a dividend of $0.078 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This is an increase from ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a dividend yield of 23.9%.

ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B Company Profile

The ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B (SMHB) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks twice the monthly returns of a dividends-selected, liquidity-weighted index of US small-cap equities. SMHB was launched on Nov 8, 2018 and is issued by ETRACS.