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

ETRACS Alerian MLP Index ETN Series B (NYSEARCA:AMUB) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 5,355 shares, an increase of 172.5% from the November 30th total of 1,965 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 3,251 shares, the days-to-cover ratio is presently 1.6 days. Based on an average daily trading volume, of 3,251 shares, the days-to-cover ratio is presently 1.6 days. Approximately 0.2% of the company’s stock are sold short.

Hedge Funds Weigh In On ETRACS Alerian MLP Index ETN Series B

An institutional investor recently bought a new position in ETRACS Alerian MLP Index ETN Series B stock. Susquehanna International Group LLP acquired a new stake in ETRACS Alerian MLP Index ETN Series B (NYSEARCA:AMUB) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 47,858 shares of the company’s stock, valued at approximately $886,000. Susquehanna International Group LLP owned 2.18% of ETRACS Alerian MLP Index ETN Series B as of its most recent SEC filing.

ETRACS Alerian MLP Index ETN Series B Stock Performance

Shares of AMUB opened at $18.80 on Friday. The company’s fifty day simple moving average is $18.88 and its 200 day simple moving average is $18.94. ETRACS Alerian MLP Index ETN Series B has a 1-year low of $16.86 and a 1-year high of $20.88.

ETRACS Alerian MLP Index ETN Series B Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 9th. Stockholders of record on Monday, December 1st were issued a $0.3168 dividend. This represents a $1.27 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend was Monday, December 1st. This is a positive change from ETRACS Alerian MLP Index ETN Series B’s previous quarterly dividend of $0.31.

ETRACS Alerian MLP Index ETN Series B Company Profile

The ETRACS Alerian MLP Index ETN Class B (AMUB) is an exchange-traded fund that is based on the Alerian MLP index, a market-cap-weighted index of 50 publicly traded energy MLPs. AMUB was launched on Oct 8, 2015 and is issued by ETRACS.