Short Interest in ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B (NYSEARCA:SMHB) Increases By 138.3%

ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B (NYSEARCA:SMHB) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 10,622 shares, a growth of 138.3% from the May 14th total of 4,457 shares. Based on an average trading volume of 18,460 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.2% of the shares of the company are sold short.

ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B Price Performance

SMHB opened at $3.93 on Friday. ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B has a 1-year low of $3.36 and a 1-year high of $5.01. The business has a 50 day moving average of $3.87 and a 200-day moving average of $3.97.

ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Friday, June 12th will be given a $0.048 dividend. This represents a c) annualized dividend and a dividend yield of 14.7%. The ex-dividend date of this dividend is Friday, June 12th.

ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B Company Profile

The ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B (SMHB) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks twice the monthly returns of a dividends-selected, liquidity-weighted index of US small-cap equities. SMHB was launched on Nov 8, 2018 and is issued by ETRACS.