ETRACS MarketVector Business Development Companies Liquid Index ETN (NYSEARCA:BDCZ) Sees Large Increase in Short Interest

ETRACS MarketVector Business Development Companies Liquid Index ETN (NYSEARCA:BDCZ) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 213 shares, a growth of ∞ from the June 15th total of 0 shares. Based on an average daily volume of 2,096 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

ETRACS MarketVector Business Development Companies Liquid Index ETN Trading Down 1.3%

NYSEARCA BDCZ opened at $14.79 on Friday. The firm’s 50 day moving average price is $14.90 and its two-hundred day moving average price is $15.42. ETRACS MarketVector Business Development Companies Liquid Index ETN has a twelve month low of $12.92 and a twelve month high of $19.60.

ETRACS MarketVector Business Development Companies Liquid Index ETN Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Tuesday, July 14th will be given a $0.5323 dividend. This represents a $2.13 annualized dividend and a dividend yield of 14.4%. This is a boost from ETRACS MarketVector Business Development Companies Liquid Index ETN’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, July 14th.

ETRACS MarketVector Business Development Companies Liquid Index ETN Company Profile

The ETRACS MarketVector Business Development Companies Liquid Index ETN (BDCZ) is an exchange-traded fund that mostly invests in financials equity. The fund tracks an index of at least 25 companies invested in the initial growth stages of small firms. BDCZ was launched on Oct 8, 2015 and is issued by ETRACS.