ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (NYSEARCA:CEFD – Get Free Report) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 5,983 shares, an increase of 289.5% from the June 30th total of 1,536 shares. Approximately 1.2% of the shares of the company are sold short. Based on an average daily trading volume, of 1,719 shares, the short-interest ratio is presently 3.5 days.
ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN Price Performance
Shares of NYSEARCA CEFD traded down $0.17 during midday trading on Monday, hitting $18.55. 666 shares of the stock traded hands, compared to its average volume of 1,639. ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN has a one year low of $15.47 and a one year high of $20.50. The firm has a 50-day moving average of $19.03 and a two-hundred day moving average of $18.89.
ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN Increases Dividend
The firm also recently declared a dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Tuesday, July 14th were given a dividend of $0.2691 per share. The ex-dividend date of this dividend was Tuesday, July 14th. This is an increase from ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN’s previous dividend of $0.22.
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.
Further Reading
- Five stocks we like better than ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN
- AirJoule’s Kubota Deal Is a Major Validation—But the Hard Part Comes Next
- Dividend Stocks May Be the Quiet Rotation Trade Investors Are Missing Now
- Refiner Stocks Are Near Record Highs—Can Iran-Driven Margins Keep Them There?
- Verizon May Be an AI Infrastructure Stock Hiding in Plain Sight
Receive News & Ratings for ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN and related companies with MarketBeat.com's FREE daily email newsletter.
