ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (NYSEARCA:CEFD) Sees Large Decline in Short Interest

ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (NYSEARCA:CEFD) saw a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 872 shares, a decline of 36.4% from the May 14th total of 1,370 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 1,315 shares, the short-interest ratio is presently 0.7 days.

ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN Stock Performance

NYSEARCA:CEFD opened at $18.88 on Monday. The stock’s 50-day moving average is $18.76 and its 200-day moving average is $18.92. ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN has a 1-year low of $15.47 and a 1-year high of $20.50.

ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN Increases Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, June 23rd. Investors of record on Friday, June 12th will be paid a $0.2162 dividend. 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.

About ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN

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.