ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN (NYSEARCA:BDCX) Short Interest Update

ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN (NYSEARCA:BDCX) saw a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 4,868 shares, a decline of 40.9% from the May 14th total of 8,230 shares. Based on an average trading volume of 1,045 shares, the short-interest ratio is currently 4.7 days. Approximately 1.6% of the company’s stock are sold short.

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

Shares of NYSEARCA BDCX opened at $20.08 on Wednesday. ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN has a twelve month low of $17.90 and a twelve month high of $32.41. The company has a 50 day moving average of $20.54 and a 200 day moving average of $21.95.

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

The company also recently disclosed a dividend, which was paid on Tuesday, April 21st. Investors of record on Monday, April 13th were issued a $1.0311 dividend. The ex-dividend date was Monday, April 13th. This is an increase from ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN’s previous dividend of $0.77.

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.