Short Interest in ETRACS Silver Shares Covered Call ETN (NASDAQ:SLVO) Grows By 88.3%

ETRACS Silver Shares Covered Call ETN (NASDAQ:SLVO) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 85,300 shares, an increase of 88.3% from the August 31st total of 45,300 shares. Based on an average trading volume of 30,800 shares, the days-to-cover ratio is currently 2.8 days. Based on an average trading volume of 30,800 shares, the days-to-cover ratio is currently 2.8 days.

ETRACS Silver Shares Covered Call ETN Price Performance

Shares of NASDAQ SLVO opened at $92.78 on Tuesday. The business has a fifty day moving average of $86.98 and a two-hundred day moving average of $82.28. ETRACS Silver Shares Covered Call ETN has a 52-week low of $72.60 and a 52-week high of $93.00.

ETRACS Silver Shares Covered Call ETN Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, September 25th. Investors of record on Monday, September 22nd were issued a $1.252 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 16.2%. The ex-dividend date of this dividend was Monday, September 22nd.

Institutional Investors Weigh In On ETRACS Silver Shares Covered Call ETN

An institutional investor recently bought a new position in ETRACS Silver Shares Covered Call ETN stock. Claris Financial LLC acquired a new position in shares of ETRACS Silver Shares Covered Call ETN (NASDAQ:SLVO) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 19,530 shares of the company’s stock, valued at approximately $1,564,000. ETRACS Silver Shares Covered Call ETN comprises about 1.2% of Claris Financial LLC’s portfolio, making the stock its 19th biggest position. Claris Financial LLC owned approximately 0.85% of ETRACS Silver Shares Covered Call ETN as of its most recent SEC filing.

ETRACS Silver Shares Covered Call ETN Company Profile

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