BDCZ Stock Summary and Trading Ideas (Etracs Linked To The Wells Fargo Business Development Company Index ETN Series B | ARCA:BDCZ)

The ETRACS MVIS Business Development Companies Index ETN is designed to track an investment in the MVIS US Business Development Companies Index ("Index"), and may pay a variable quarterly coupon linked to the cash distributions associated with the underlying BDC constituents, less investor fees. Note that if the BDCs do not make distributions or those distributions do not overcome the investor fees, then investors will not receive any coupons.

Etracs Linked To The Wells Fargo Business Development Company Index ETN Series B trades on the ARCA stock market under the symbol BDCZ.

As of April 18, 2024, BDCZ stock price climbed to $18.92 with 3,484 million shares trading.

BDCZ has a market cap of $25.92 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, BDCZ stock traded as high as $20.70 and as low as $14.35.

BDCZ has outperformed the market in the last year with a price return of +25.6% while the SPY ETF gained +22.2%. However, in the short term, BDCZ had mixed performance relative to the market. It has underperformed in the last 3 months, returning +3.0% vs +5.2% return in SPY. But in the last 2 weeks, BDCZ shares have fared better than the market returning +0.7% compared to SPY -2.6%.

BDCZ support price is $18.58 and resistance is $19.07 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BDCZ stock will trade within this expected range on the day.