ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN (NYSEARCA:MLPR) Short Interest Up 1,043.3% in June

ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN (NYSEARCA:MLPR) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 686 shares, an increase of 1,043.3% from the May 31st total of 60 shares. Based on an average daily trading volume, of 285 shares, the days-to-cover ratio is presently 2.4 days. Approximately 0.5% of the company’s shares are short sold.

ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN Stock Performance

MLPR traded up $0.70 during trading on Friday, reaching $68.93. 173 shares of the stock traded hands, compared to its average volume of 729. ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN has a 12 month low of $49.81 and a 12 month high of $77.89. The stock’s 50-day moving average is $71.17 and its 200 day moving average is $67.32.

ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 21st. Shareholders of record on Monday, April 13th were issued a dividend of $1.6645 per share. This represents a $6.66 dividend on an annualized basis and a dividend yield of 9.7%. The ex-dividend date was Monday, April 13th. This is a positive change from ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN’s previous quarterly dividend of $1.62.

About ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN

The ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN (MLPR) is an exchange-traded fund that is based on the Alerian MLP index. The fund provides quarterly 1.5x leveraged exposure to a market-cap-weighted index of 50 publicly traded energy MLPs. MLPR was launched on Jun 2, 2020 and is issued by ETRACS.