ETRACS Linked to the Wells Fargo Business Development Company Index ETN (NYSEARCA:BDCS) Shares Pass Below 200 Day Moving Average of $19.76

ETRACS Linked to the Wells Fargo Business Development Company Index ETN (NYSEARCA:BDCS) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $19.76 and traded as low as $19.62. ETRACS Linked to the Wells Fargo Business Development Company Index ETN shares last traded at $19.62, with a volume of 56 shares traded.

The stock’s 50-day simple moving average is $19.81 and its two-hundred day simple moving average is $19.76.

A hedge fund recently raised its stake in ETRACS Linked to the Wells Fargo Business Development Company Index ETN stock. Rockland Trust Co. grew its position in ETRACS Linked to the Wells Fargo Business Development Company Index ETN (NYSEARCA:BDCS) by 19.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,657 shares of the exchange traded fund’s stock after acquiring an additional 5,973 shares during the quarter. Rockland Trust Co. owned about 0.81% of ETRACS Linked to the Wells Fargo Business Development Company Index ETN worth $730,000 at the end of the most recent reporting period.

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