Short Interest in ETRACS Alerian MLP Index ETN Series B (NYSEARCA:AMUB) Drops By 88.1%

ETRACS Alerian MLP Index ETN Series B (NYSEARCA:AMUB) was the target of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 529 shares, a decline of 88.1% from the July 30th total of 4,432 shares. Based on an average daily volume of 9,958 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Hedge Funds Weigh In On ETRACS Alerian MLP Index ETN Series B

Several hedge funds have recently modified their holdings of AMUB. North Capital Inc. grew its holdings in ETRACS Alerian MLP Index ETN Series B by 1.1% during the first quarter. North Capital Inc. now owns 88,130 shares of the company’s stock worth $1,912,000 after acquiring an additional 929 shares during the period. Susquehanna International Group LLP purchased a new stake in ETRACS Alerian MLP Index ETN Series B during the third quarter valued at about $886,000. Finally, Virtu Financial LLC purchased a new stake in ETRACS Alerian MLP Index ETN Series B during the fourth quarter valued at about $394,000.

ETRACS Alerian MLP Index ETN Series B Stock Performance

Shares of AMUB traded up $0.21 during midday trading on Wednesday, hitting $23.71. 8 shares of the stock traded hands, compared to its average volume of 1,307. The business’s 50 day moving average price is $22.55 and its two-hundred day moving average price is $22.13. ETRACS Alerian MLP Index ETN Series B has a 1-year low of $17.65 and a 1-year high of $24.23.

ETRACS Alerian MLP Index ETN Series B Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Friday, August 28th will be issued a $0.313 dividend. This represents a $1.25 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Friday, August 28th.

About ETRACS Alerian MLP Index ETN Series B

The ETRACS Alerian MLP Index ETN Class B (AMUB) is an exchange-traded fund that is based on the Alerian MLP index, a market-cap-weighted index of 50 publicly traded energy MLPs. AMUB was launched on Oct 8, 2015 and is issued by ETRACS.