ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B (NYSEARCA:SMHB) Trading Up 2.6%

ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B (NYSEARCA:SMHB) shares were up 2.6% during mid-day trading on Friday . The company traded as high as $17.50 and last traded at $17.44. Approximately 8,749 shares were traded during trading, a decline of 87% from the average daily volume of 68,016 shares. The stock had previously closed at $16.99.

The stock’s fifty day simple moving average is $17.94.

The firm also recently disclosed a monthly dividend, which was paid on Thursday, June 20th. Investors of record on Wednesday, June 12th were issued a dividend of $0.167 per share. The ex-dividend date was Tuesday, June 11th. This represents a $2.00 dividend on an annualized basis and a yield of 11.60%. This is a boost from ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B’s previous monthly dividend of $0.15.

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