ETRACS Alerian MLP Infrastructure Index ETN Series B (NYSEARCA:MLPB) Short Interest Down 71.6% in July

ETRACS Alerian MLP Infrastructure Index ETN Series B (NYSEARCA:MLPB) saw a large drop in short interest in July. As of July 15th, there was short interest totaling 1,241 shares, a drop of 71.6% from the June 30th total of 4,373 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 4,727 shares, the days-to-cover ratio is currently 0.3 days.

ETRACS Alerian MLP Infrastructure Index ETN Series B Price Performance

Shares of NYSEARCA MLPB traded down $0.05 during trading on Friday, reaching $30.45. The stock had a trading volume of 559 shares, compared to its average volume of 6,363. ETRACS Alerian MLP Infrastructure Index ETN Series B has a one year low of $23.41 and a one year high of $30.78. The firm’s 50 day moving average price is $29.34 and its two-hundred day moving average price is $28.54.

ETRACS Alerian MLP Infrastructure Index ETN Series B Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Tuesday, July 14th were paid a dividend of $0.4437 per share. This represents a $1.77 annualized dividend and a yield of 5.8%. This is a boost from ETRACS Alerian MLP Infrastructure Index ETN Series B’s previous quarterly dividend of $0.44. The ex-dividend date was Tuesday, July 14th.

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.