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

ETRACS MarketVector Business Development Companies Liquid Index ETN (NYSEARCA:BDCZ) was the recipient of a significant increase in short interest during the month of 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. Based on an average daily volume of 1,726 shares, the short-interest ratio is presently 0.9 days. Currently, 0.2% of the company’s shares are short sold.

ETRACS MarketVector Business Development Companies Liquid Index ETN Stock Performance

NYSEARCA:BDCZ opened at $14.38 on Monday. The company’s 50-day moving average is $14.85 and its two-hundred day moving average is $15.33. ETRACS MarketVector Business Development Companies Liquid Index ETN has a 1-year low of $12.92 and a 1-year high of $19.60.

ETRACS MarketVector Business Development Companies Liquid Index ETN Increases Dividend

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

ETRACS MarketVector Business Development Companies Liquid Index ETN Company Profile

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.