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

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 September. As of September 30th, there was short interest totaling 27,400 shares, a decrease of 67.9% from the September 15th total of 85,300 shares. Based on an average daily trading volume, of 32,000 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily trading volume, of 32,000 shares, the days-to-cover ratio is currently 0.9 days.ETRACS Silver Shares Covered Call ETN Price PerformanceSLVO stock opened at $94.20 on Friday. The firm has a 50-day simple moving average of $88.94 and a two-hundred day simple moving average of $83.04. ETRACS Silver Shares Covered Call ETN has a one year low of $72.60 and a one year high of $95.99. ETRACS Silver Shares Covered Call ETN Cuts DividendThe business also recently disclosed a monthly dividend, which will be paid on Monday, October 27th. Stockholders of record on Wednesday, October 22nd will be issued a dividend of $1.1751 per share. The ex-dividend date is Wednesday, October 22nd. This represents a c) annualized dividend and a dividend yield of 15.0%. Hedge Funds Weigh In On ETRACS Silver Shares Covered Call ETNAn institutional investor recently bought a new position in ETRACS Silver Shares Covered Call ETN stock. Claris Financial LLC acquired a new stake in shares of ETRACS Silver Shares Covered Call ETN (NASDAQ:SLVO - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,530 shares of the company's stock, valued at approximately $1,564,000. ETRACS Silver Shares Covered Call ETN makes up approximately 1.2% of Claris Financial LLC's portfolio, making the stock its 19th biggest holding. Claris Financial LLC owned about 0.85% of ETRACS Silver Shares Covered Call ETN as of its most recent SEC filing. ETRACS Silver Shares Covered Call ETN Company Profile (Get Free Report)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.Read MoreFive stocks we like better than ETRACS Silver Shares Covered Call ETNHow to Plot Fibonacci Price Inflection Levels This AI Chip Giant Could Be the Market’s Next Big WinnerWhat is a Death Cross in Stocks?Broadcom Inks OpenAI Deal: Why It's A Huge Win for AVGO StockCD Calculator: Certificate of Deposit Calculator Institutions Are Fueling CrowdStrike’s Next Leg HigherThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in ETRACS Silver Shares Covered Call ETN Right Now?Before you consider ETRACS Silver Shares Covered Call ETN, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ETRACS Silver Shares Covered Call ETN wasn't on the list.While ETRACS Silver Shares Covered Call ETN currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here