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 in the month of May. As of May 15th, there was short interest totaling 1,370 shares, an increase of 67.1% from the April 30th total of 820 shares. Based on an average daily volume of 1,028 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.3% of the shares of the stock are sold short.
ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN Stock Up 0.1%
CEFD stock opened at $19.22 on Friday. The stock has a 50-day simple moving average of $18.58 and a two-hundred day simple moving average of $18.91. ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN has a twelve month low of $15.47 and a twelve month high of $20.50.
ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN Increases Dividend
The company also recently disclosed a dividend, which will be paid on Tuesday, June 23rd. Investors of record on Friday, June 12th will be paid a dividend of $0.2162 per share. 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.
See Also
- Five stocks we like better than ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN
- The Great AI Server Rotation Puts Hewlett Packard Enterprise and Super Micro Computer in Focus
- Generac’s AI Power Pivot Raises a Bigger Question About Data Center Demand
- Medtronic Bottoms, Healthy Rebound Ahead
- GitLab’s Price Recovery Gains Traction—Time to Get On Board?
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.
