ETRACS Silver Shares Covered Call ETN (NASDAQ:SLVO) Sees Large Drop in Short Interest

ETRACS Silver Shares Covered Call ETN (NASDAQ:SLVO - Get Free Report) was the target of a large decline in short interest in April. As of April 15th, there was short interest totalling 21,600 shares, a decline of 64.3% from the March 31st total of 60,500 shares. Approximately 12.2% of the shares of the company are sold short. Based on an average daily volume of 28,600 shares, the days-to-cover ratio is currently 0.8 days.

ETRACS Silver Shares Covered Call ETN Stock Performance

Shares of NASDAQ:SLVO traded down $0.24 on Thursday, reaching $77.35. 4,198 shares of the company's stock were exchanged, compared to its average volume of 25,242. ETRACS Silver Shares Covered Call ETN has a twelve month low of $72.60 and a twelve month high of $86.36. The company has a fifty day moving average of $79.14 and a 200-day moving average of $78.79.

ETRACS Silver Shares Covered Call ETN Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, April 25th. Investors of record on Tuesday, April 22nd were given a dividend of $2.0837 per share. The ex-dividend date of this dividend was Tuesday, April 22nd. This represents a $25.00 dividend on an annualized basis and a yield of 32.33%. This is an increase from ETRACS Silver Shares Covered Call ETN's previous monthly dividend of $1.29.

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.