ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN (NYSEARCA:BDCX) Sees Significant Decline in Short Interest

ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN (NYSEARCA:BDCX) was the target of a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 306 shares, a decrease of 12.3% from the December 31st total of 349 shares. Based on an average daily volume of 7,224 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 7,224 shares, the days-to-cover ratio is presently 0.0 days.

ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN Stock Performance

NYSEARCA:BDCX opened at $22.22 on Wednesday. ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN has a 12 month low of $21.22 and a 12 month high of $34.77. The company’s 50-day moving average price is $24.31 and its two-hundred day moving average price is $25.45.

ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, January 22nd. Shareholders of record on Tuesday, January 13th were paid a $0.7664 dividend. The ex-dividend date of this dividend was Tuesday, January 13th.

About ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN

The ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN (BDCX) is an exchange-traded fund that mostly invests in financials equity. The fund provides 1.5x leveraged exposure, compounded quarterly, to a tiered-weighted index of business development companies (BDC) listed and incorporated in the US. BDCX was launched on Jun 2, 2020 and is issued by ETRACS.