BDCZ Stock Summary and Trading Ideas (Etracs Marketvector Business Development Companies Liquid Index ETN Due April 26 2041 | 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. The MarketVector US Business Development Companies Liquid Index (MVBIZD) tracks the performance of the largest and most liquid Business Development Companies that are listed and incorporated in the United States. This is a modified market cap-weighted index, and only includes companies that qualify as a Business Development Company, which means it must be organized under the laws of, and have its principal place of business in the U.S., be registered with the Securities Exchange Commision, and have elected to be regulated as a BDC under the Investment Company Act of 1940. MVBIZD covers at least 90% of the investable universe.

Etracs Marketvector Business Development Companies Liquid Index ETN Due April 26 2041 trades on the ARCA stock market under the symbol BDCZ.

As of December 13, 2024, BDCZ stock price was flat at $19.25 with 153 million shares trading.

BDCZ has a market cap of $20.59 million. This is considered a Sub-Micro Cap stock.

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

BDCZ has underperformed the market in the last year with a price return of +12.4% while the SPY ETF gained +29.9%. BDCZ has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +3.9% and -0.7%, respectively, while the SPY returned +7.8% and +0.3%, respectively.

BDCZ support price is $18.90 and resistance is $19.59 (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 shares will trade within this expected range on the day.