ETRACS Silver Shares Covered Call ETN (NASDAQ:SLVO) Short Interest Update

Key Points

• Short interest in ETRACS Silver Shares Covered Call ETN (NASDAQ:SLVO) surged by 1,329.5% in August, rising to 62,900 shares from 4,400 shares, with a days-to-cover ratio of 1.8 days.
• The company recently increased its monthly dividend to $1.5758 per share, up from $1.29, reflecting a robust annualized dividend yield of 21.7%.
• An institutional investor, Claris Financial LLC, purchased 19,530 shares of SLVO in Q2, making it the firm's 19th largest position within their investment portfolio.

ETRACS Silver Shares Covered Call ETN (NASDAQ:SLVO - Get Free Report) saw a significant increase in short interest during the month of August. As of August 15th, there was short interest totaling 62,900 shares, anincreaseof1,329.5% from the July 31st total of 4,400 shares. Based on an average daily trading volume, of 35,400 shares, the short-interest ratio is currently 1.8 days. Based on an average daily trading volume, of 35,400 shares, the short-interest ratio is currently 1.8 days.

ETRACS Silver Shares Covered Call ETN Price Performance

Shares of NASDAQ SLVO traded up $0.30 during trading hours on Friday, reaching $87.80. 18,836 shares of the stock were exchanged, compared to its average volume of 29,485. ETRACS Silver Shares Covered Call ETN has a 52 week low of $72.60 and a 52 week high of $88.00. The stock's fifty day simple moving average is $83.86 and its 200 day simple moving average is $80.80.

ETRACS Silver Shares Covered Call ETN Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Wednesday, August 20th were paid a dividend of $1.5758 per share. This is a boost from ETRACS Silver Shares Covered Call ETN's previous monthly dividend of $1.29. The ex-dividend date was Wednesday, August 20th. This represents a c) dividend on an annualized basis and a yield of 21.5%.

Hedge Funds 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 purchased a new stake in ETRACS Silver Shares Covered Call ETN (NASDAQ:SLVO - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 19,530 shares of the company's stock, valued at approximately $1,564,000. ETRACS Silver Shares Covered Call ETN comprises approximately 1.2% of Claris Financial LLC's investment portfolio, making the stock its 19th largest holding. 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

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.