Short Interest in ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (NYSEARCA:CEFD) Drops By 36.4%

ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (NYSEARCA:CEFD) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 872 shares, a drop of 36.4% from the May 14th total of 1,370 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 1,315 shares, the short-interest ratio is currently 0.7 days.

ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN Price Performance

Shares of NYSEARCA CEFD traded down $0.01 during midday trading on Tuesday, reaching $19.14. The company’s stock had a trading volume of 223 shares, compared to its average volume of 1,721. ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN has a 12-month low of $15.47 and a 12-month high of $20.50. The firm has a 50 day moving average price of $18.79 and a 200-day moving average price of $18.92.

ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Friday, June 12th will be given a $0.2162 dividend. This is an increase from ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN’s previous dividend of $0.22. The ex-dividend date of this dividend is Friday, June 12th.

ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN Company Profile

The ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (CEFD) is an exchange-traded fund that is based on the SNET Composite Closed-End Fund index. The fund provides monthly 1.5x leveraged exposure to an index of three types of yield-focused CEFs: investment-grade fixed-income, high-yield fixed-income, and option-writing. CEFs that trade at discount receive higher weights. CEFD was launched on Jun 2, 2020 and is issued by ETRACS.