ETRACS Crude Oil Shares Covered Call ETN (NASDAQ:USOI) Sees Significant Growth in Short Interest

ETRACS Crude Oil Shares Covered Call ETN (NASDAQ:USOI) saw a significant increase in short interest in July. As of July 15th, there was short interest totaling 59,118 shares, an increase of 1,221.4% from the June 30th total of 4,474 shares. Based on an average daily volume of 60,128 shares, the days-to-cover ratio is presently 1.0 days. Approximately 1.1% of the company’s shares are short sold.

Institutional Trading of ETRACS Crude Oil Shares Covered Call ETN

An institutional investor recently bought a new stake in ETRACS Crude Oil Shares Covered Call ETN stock. Sound Income Strategies LLC acquired a new position in ETRACS Crude Oil Shares Covered Call ETN (NASDAQ:USOI) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,458 shares of the company’s stock, valued at approximately $83,000.

ETRACS Crude Oil Shares Covered Call ETN Trading Up 0.4%

USOI traded up $0.17 during trading on Friday, hitting $45.24. 305,237 shares of the stock were exchanged, compared to its average volume of 194,330. The firm has a 50 day simple moving average of $49.33 and a 200 day simple moving average of $52.11. ETRACS Crude Oil Shares Covered Call ETN has a 1 year low of $41.90 and a 1 year high of $61.30.

ETRACS Crude Oil Shares Covered Call ETN Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, July 27th. Stockholders of record on Wednesday, July 22nd will be paid a dividend of $2.0995 per share. The ex-dividend date is Wednesday, July 22nd. This represents a c) annualized dividend and a dividend yield of 55.7%.

About ETRACS Crude Oil Shares Covered Call ETN

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