Short Interest in ETRACS MarketVector Business Development Companies Liquid Index ETN (NYSEARCA:BDCZ) Increases By 666.7%

ETRACS MarketVector Business Development Companies Liquid Index ETN (NYSEARCA:BDCZ) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 1,633 shares, an increase of 666.7% from the June 30th total of 213 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 1,726 shares, the days-to-cover ratio is presently 0.9 days.

ETRACS MarketVector Business Development Companies Liquid Index ETN Trading Up 0.4%

BDCZ opened at $14.38 on Friday. ETRACS MarketVector Business Development Companies Liquid Index ETN has a one year low of $12.92 and a one year high of $19.60. The business’s 50-day simple moving average is $14.85 and its 200-day simple moving average is $15.34.

ETRACS MarketVector Business Development Companies Liquid Index ETN Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Tuesday, July 14th were paid a $0.5323 dividend. This is an increase from ETRACS MarketVector Business Development Companies Liquid Index ETN’s previous quarterly dividend of $0.45. This represents a $2.13 annualized dividend and a yield of 14.8%. The ex-dividend date was Tuesday, July 14th.

About ETRACS MarketVector Business Development Companies Liquid Index ETN

The ETRACS MarketVector Business Development Companies Liquid Index ETN (BDCZ) is an exchange-traded fund that mostly invests in financials equity. The fund tracks an index of at least 25 companies invested in the initial growth stages of small firms. BDCZ was launched on Oct 8, 2015 and is issued by ETRACS.