ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B (NYSEARCA:BDCZ) Shares Down 1.3% – Should You Sell?

Shares of ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B (NYSEARCA:BDCZ) were down 1.3% during mid-day trading on Wednesday . The company traded as low as $19.59 and last traded at $19.59. Approximately 1,013 shares traded hands during mid-day trading, a decline of 61% from the average daily volume of 2,573 shares. The stock had previously closed at $19.85.

ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B Stock Down 1.3 %

The firm’s 50 day simple moving average is $19.28 and its 200 day simple moving average is $18.99.

ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, January 22nd. Investors of record on Monday, January 13th were paid a dividend of $0.3226 per share. The ex-dividend date of this dividend was Monday, January 13th.

About ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B

The ETRACS MarketVector Business Development Companies Liquid Index ETN (BDCZ) is an exchange-traded fund that mostly invests in financials equity. The fund tracks an index of at least 25 companies invested in the initial growth stages of small firms. BDCZ was launched on Oct 8, 2015 and is issued by ETRACS.