January 24, 2021

ETRACS Linked to the Wells Fargo Business Development Company Index ETN (NYSEARCA:BDCS) Stock Crosses Above Two Hundred Day Moving Average of $13.33

ETRACS Linked to the Wells Fargo Business Development Company Index ETN (NYSEARCA:BDCS)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.33 and traded as high as $14.55. ETRACS Linked to the Wells Fargo Business Development Company Index ETN shares last traded at $14.50, with a volume of 3,753 shares traded.

The stock’s 50 day simple moving average is $14.24 and its 200-day simple moving average is $13.33.

An institutional investor recently raised its position in ETRACS Linked to the Wells Fargo Business Development Company Index ETN stock. Advisory Services Network LLC increased its stake in ETRACS Linked to the Wells Fargo Business Development Company Index ETN (NYSEARCA:BDCS) by 30.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 17,742 shares of the exchange traded fund’s stock after purchasing an additional 4,097 shares during the quarter. Advisory Services Network LLC owned approximately 0.87% of ETRACS Linked to the Wells Fargo Business Development Company Index ETN worth $245,000 at the end of the most recent reporting period.

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