ETRACS Alerian MLP Infrastructure Index ETN Series B (NYSEARCA:MLPB) Sees Large Growth in Short Interest

ETRACS Alerian MLP Infrastructure Index ETN Series B (NYSEARCA:MLPB) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 7,903 shares, an increase of 628.4% from the July 30th total of 1,085 shares. Based on an average daily trading volume, of 4,554 shares, the days-to-cover ratio is presently 1.7 days. Currently, 0.1% of the shares of the company are short sold.

ETRACS Alerian MLP Infrastructure Index ETN Series B Stock Performance

Shares of NYSEARCA MLPB opened at $30.93 on Wednesday. The stock’s 50 day moving average price is $29.82 and its 200-day moving average price is $29.24. ETRACS Alerian MLP Infrastructure Index ETN Series B has a twelve month low of $23.41 and a twelve month high of $31.38.

ETRACS Alerian MLP Infrastructure Index ETN Series B Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Tuesday, July 14th were issued a dividend of $0.4437 per share. This represents a $1.77 dividend on an annualized basis and a yield of 5.7%. This is an increase 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.