ETRACS Silver Shares Covered Call ETN (NASDAQ:SLVO) to Issue Monthly Dividend of $5.79

by · The Markets Daily

ETRACS Silver Shares Covered Call ETN (NASDAQ:SLVO – Get Free Report) announced a monthly dividend on Tuesday, January 6th. Investors of record on Wednesday, January 21st will be paid a dividend of 5.7891 per share on Monday, January 26th. This represents a c) dividend on an annualized basis and a dividend yield of 69.0%. The ex-dividend date is Wednesday, January 21st. This is a 115.4% increase from ETRACS Silver Shares Covered Call ETN’s previous monthly dividend of $2.69.

ETRACS Silver Shares Covered Call ETN Trading Down 0.2%

SLVO traded down $0.25 during trading on Thursday, hitting $100.70. The company had a trading volume of 35,580 shares, compared to its average volume of 33,876. ETRACS Silver Shares Covered Call ETN has a one year low of $72.60 and a one year high of $102.49. The firm’s 50-day moving average price is $97.16 and its 200 day moving average price is $90.34.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ETRACS Silver Shares Covered Call ETN stock. Claris Financial LLC bought a new stake in ETRACS Silver Shares Covered Call ETN (NASDAQ:SLVO – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 19,530 shares of the company’s stock, valued at approximately $1,564,000. ETRACS Silver Shares Covered Call ETN comprises 1.2% of Claris Financial LLC’s investment portfolio, making the stock its 19th largest position. Claris Financial LLC owned about 0.85% of ETRACS Silver Shares Covered Call ETN as of its most recent filing with the Securities and Exchange Commission.

ETRACS Silver Shares Covered Call ETN (NASDAQ: SLVO) is an exchange-traded note listed in the United States that provides investors with a packaged exposure to silver coupled with an options overlay. The product is structured to deliver returns that reflect the performance of a long position in shares representing physical silver together with the income and payoff profile generated by a covered call strategy. As an ETN, SLVO is an unsecured debt instrument whose economic return is tied to the referenced strategy rather than to ownership of a separate pool of assets.

The covered call component typically involves selling call options against the underlying silver shares to collect option premium, which can produce regular income and reduce short‑term volatility, while also capping upside participation when the underlying rises above option strike prices.

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