ETRACS Alerian MLP Index ETN Series B (NYSEARCA:AMUB) Short Interest Up 172.5% in December

ETRACS Alerian MLP Index ETN Series B (NYSEARCA:AMUB) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 5,355 shares, a growth of 172.5% from the November 30th total of 1,965 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 3,251 shares, the days-to-cover ratio is presently 1.6 days. Based on an average trading volume of 3,251 shares, the days-to-cover ratio is presently 1.6 days. Approximately 0.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ETRACS Alerian MLP Index ETN Series B stock. Susquehanna International Group LLP purchased a new stake in ETRACS Alerian MLP Index ETN Series B (NYSEARCA:AMUB) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 47,858 shares of the company’s stock, valued at approximately $886,000. Susquehanna International Group LLP owned approximately 2.18% of ETRACS Alerian MLP Index ETN Series B at the end of the most recent quarter.

ETRACS Alerian MLP Index ETN Series B Price Performance

NYSEARCA:AMUB traded down $0.16 on Friday, hitting $18.80. The company had a trading volume of 374 shares, compared to its average volume of 4,476. ETRACS Alerian MLP Index ETN Series B has a 52 week low of $16.86 and a 52 week high of $20.88. The firm has a 50 day moving average of $18.86 and a two-hundred day moving average of $18.94.

ETRACS Alerian MLP Index ETN Series B Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 9th. Investors of record on Monday, December 1st were issued a $0.3168 dividend. The ex-dividend date was Monday, December 1st. This is a positive change from ETRACS Alerian MLP Index ETN Series B’s previous quarterly dividend of $0.31. This represents a $1.27 dividend on an annualized basis and a yield of 6.7%.

ETRACS Alerian MLP Index ETN Series B Company Profile

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.