Short Interest in ETRACS Alerian MLP Index ETN Series B (NYSEARCA:AMUB) Expands By 21.5%

ETRACS Alerian MLP Index ETN Series B (NYSEARCA:AMUB) saw a significant growth in short interest in February. As of February 27th, there was short interest totaling 2,724 shares, a growth of 21.5% from the February 12th total of 2,242 shares. Based on an average daily trading volume, of 70 shares, the short-interest ratio is presently 38.9 days. Approximately 0.2% of the shares of the stock are short sold. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 70 shares, the short-interest ratio is presently 38.9 days.

ETRACS Alerian MLP Index ETN Series B Stock Performance

ETRACS Alerian MLP Index ETN Series B stock opened at $21.76 on Wednesday. The business has a 50-day simple moving average of $20.84 and a 200 day simple moving average of $19.49. ETRACS Alerian MLP Index ETN Series B has a 52 week low of $16.86 and a 52 week high of $21.94.

ETRACS Alerian MLP Index ETN Series B Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Monday, March 2nd were given a dividend of $0.3202 per share. This is a boost from ETRACS Alerian MLP Index ETN Series B’s previous quarterly dividend of $0.32. The ex-dividend date was Monday, March 2nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.9%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AMUB. North Capital Inc. raised its stake in ETRACS Alerian MLP Index ETN Series B by 2.4% in the third quarter. North Capital Inc. now owns 89,094 shares of the company’s stock valued at $1,650,000 after purchasing an additional 2,052 shares in the last quarter. Susquehanna International Group LLP bought a new position in shares of ETRACS Alerian MLP Index ETN Series B in the 3rd quarter worth $886,000. Finally, Virtu Financial LLC bought a new position in shares of ETRACS Alerian MLP Index ETN Series B in the 4th quarter worth $394,000.

About ETRACS Alerian MLP Index ETN Series B

The ETRACS Alerian MLP Index ETN Class B (AMUB) is an exchange-traded fund that is based on the Alerian MLP index, a market-cap-weighted index of 50 publicly traded energy MLPs. AMUB was launched on Oct 8, 2015 and is issued by ETRACS.