ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN (NYSEARCA:MLPR) Sees Significant Increase in Short Interest

ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN (NYSEARCA:MLPR) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 408 shares, a growth of 159.9% from the July 30th total of 157 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 496 shares, the short-interest ratio is currently 0.8 days.

ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN Price Performance

Shares of NYSEARCA:MLPR traded up $0.01 during midday trading on Friday, hitting $77.98. The stock had a trading volume of 52 shares, compared to its average volume of 686. The company’s 50-day moving average price is $73.52 and its 200-day moving average price is $71.68. ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN has a fifty-two week low of $49.81 and a fifty-two week high of $78.17.

ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Tuesday, July 14th were given a dividend of $1.767 per share. This is an increase from ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN’s previous quarterly dividend of $1.66. This represents a $7.07 annualized dividend and a yield of 9.1%. The ex-dividend date was Tuesday, July 14th.

ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN Company Profile

The ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN (MLPR) is an exchange-traded fund that is based on the Alerian MLP index. The fund provides quarterly 1.5x leveraged exposure to a market-cap-weighted index of 50 publicly traded energy MLPs. MLPR was launched on Jun 2, 2020 and is issued by ETRACS.