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

Key Points

• Short interest in ETRACS Silver Shares Covered Call ETN rose by 88.3% in September, totaling 85,300 shares as of September 15th.
• Institutional investor Claris Financial LLC acquired approximately 19,530 shares of ETRACS Silver Shares Covered Call ETN, valued at around $1.564 million.
• The most recent dividend paid was $1.252 per share on September 25th, reflecting a 16.2% dividend yield.

ETRACS Silver Shares Covered Call ETN (NASDAQ:SLVO - ) was the recipient of a large increase in short interest during 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 short-interest ratio is currently 2.8 days. Based on an average trading volume of 30,800 shares, the short-interest ratio is currently 2.8 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ETRACS Silver Shares Covered Call ETN stock. Claris Financial LLC acquired a new stake in shares of ETRACS Silver Shares Covered Call ETN (NASDAQ:SLVO - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & 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 1.2% of Claris Financial LLC's holdings, making the stock its 19th largest position. Claris Financial LLC owned approximately 0.85% of ETRACS Silver Shares Covered Call ETN as of its most recent filing with the Securities & Exchange Commission.

ETRACS Silver Shares Covered Call ETN Price Performance

ETRACS Silver Shares Covered Call ETN stock opened at $92.70 on Friday. ETRACS Silver Shares Covered Call ETN has a fifty-two week low of $72.60 and a fifty-two week high of $93.00. The firm has a fifty day moving average price of $86.80 and a two-hundred day moving average price of $82.19.

ETRACS Silver Shares Covered Call ETN Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, September 25th. Stockholders of record on Monday, September 22nd were given a dividend of $1.252 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 16.2%.

About ETRACS Silver Shares Covered Call ETN

a ecorodovias é um dos maiores grupos de infraestrutura e logística integrada do país, que opera ativos de logística intermodal, concessões rodoviárias e serviços correlatos, de forma sustentável e socialmente responsável. estamos presentes nos estados de são paulo, rio de janeiro, espírito santo, paraná e rio grande do sul, com cerca de 4.500 colaboradores.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.