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 - ) was the recipient of a large decrease in short interest in 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 currently 1.3 days. Based on an average daily volume of 34,000 shares, the days-to-cover ratio is currently 1.3 days. Currently, 2.0% of the shares of the company are sold short.

ETRACS Silver Shares Covered Call ETN Price Performance

Shares of SLVO opened at $89.72 on Tuesday. The stock's 50-day simple moving average is $84.77 and its 200 day simple moving average is $81.23. ETRACS Silver Shares Covered Call ETN has a 52-week low of $72.60 and a 52-week high of $89.82.

ETRACS Silver Shares Covered Call ETN Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, September 25th. Investors of record on Monday, September 22nd will be given a dividend of $1.252 per share. This represents a c) annualized dividend and a yield of 16.7%. The ex-dividend date is Monday, September 22nd.

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 bought a new stake in ETRACS Silver Shares Covered Call ETN (NASDAQ:SLVO - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 19,530 shares of the company's stock, valued at approximately $1,564,000. ETRACS Silver Shares Covered Call ETN accounts for 1.2% of Claris Financial LLC's investment portfolio, making the stock its 19th biggest holding. Claris Financial LLC owned approximately 0.85% of ETRACS Silver Shares Covered Call ETN as of its most recent filing with the Securities and Exchange Commission.

ETRACS Silver Shares Covered Call ETN Company Profile

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