ETRACS Alerian MLP Infrastructure Index ETN Series B (NYSEARCA:MLPB – Get Free Report) was the recipient of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 56 shares, a decrease of 69.9% from the September 30th total of 186 shares. Based on an average daily trading volume, of 5,421 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.
ETRACS Alerian MLP Infrastructure Index ETN Series B Stock Up 1.4%
Shares of MLPB traded up $0.40 during mid-day trading on Thursday, reaching $29.96. The company had a trading volume of 2,388 shares, compared to its average volume of 5,622. ETRACS Alerian MLP Infrastructure Index ETN Series B has a fifty-two week low of $24.16 and a fifty-two week high of $31.94. The firm has a fifty day simple moving average of $30.30 and a 200-day simple moving average of $29.24.
ETRACS Alerian MLP Infrastructure Index ETN Series B Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 21st. Stockholders of record on Tuesday, October 13th were paid a $0.4342 dividend. This represents a $1.74 annualized dividend and a dividend yield of 5.8%. This is a drop from ETRACS Alerian MLP Infrastructure Index ETN Series B’s previous quarterly dividend of $0.4437. The ex-dividend date was Tuesday, October 13th.
About ETRACS Alerian MLP Infrastructure Index ETN Series B
The ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB) is an exchange-traded fund that is based on the Alerian MLP Infrastructure index, a market-cap-weighted index of 25 North American energy infrastructure master limited partnerships. MLPB was launched on Oct 8, 2015 and is issued by ETRACS.
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