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

Key Points

• ETRACS Silver Shares Covered Call ETN (NASDAQ:SLVO) experienced a significant 28% decrease in short interest in August, bringing the total to 45,300 shares short.
• The stock is currently priced at $89.72, with a dividend of $1.252 per share declared for September, yielding 16.7% annualized.
• Claris Financial LLC acquired 19,530 shares of SLVO stock in Q2, making it a 1.2% holding in their investment portfolio.

ETRACS Silver Shares Covered Call ETN (NASDAQ:SLVO - Get Free Report) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 45,300 shares, a decrease of 28.0% from the August 15th total of 62,900 shares. Currently, 2.0% of the shares of the company are sold short. Based on an average daily volume of 34,000 shares, the days-to-cover ratio is presently 1.3 days. Based on an average daily volume of 34,000 shares, the days-to-cover ratio is presently 1.3 days. Currently, 2.0% of the shares of the company are sold short.

ETRACS Silver Shares Covered Call ETN Price Performance

NASDAQ SLVO traded up $1.77 during trading on Friday, hitting $90.60. 52,052 shares of the company's stock traded hands, compared to its average volume of 29,949. ETRACS Silver Shares Covered Call ETN has a 12-month low of $72.60 and a 12-month high of $90.75. The business has a 50 day moving average of $85.34 and a 200-day moving average of $81.50.

ETRACS Silver Shares Covered Call ETN Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Monday, September 22nd will be issued a dividend of $1.252 per share. The ex-dividend date of this dividend is Monday, September 22nd. This represents a c) annualized dividend and a yield of 16.6%.

Institutional Investors Weigh In On ETRACS Silver Shares Covered Call ETN

A hedge fund recently bought a new stake in ETRACS Silver Shares Covered Call ETN stock. Claris Financial LLC acquired a new position in ETRACS Silver Shares Covered Call ETN (NASDAQ:SLVO - Free Report) during the 2nd quarter, according to its most recent 13F filing 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 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.

About ETRACS Silver Shares Covered Call ETN

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