ETRACS CMCI Total Return ETN Series B (NYSEARCA:UCIB) Short Interest Update

ETRACS CMCI Total Return ETN Series B (NYSEARCA:UCIB) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 4,185 shares, an increase of 72.5% from the August 15th total of 2,426 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average trading volume of 1,324 shares, the days-to-cover ratio is presently 3.2 days.

ETRACS CMCI Total Return ETN Series B Trading Up 12.5%

UCIB traded up $4.74 during trading on Friday, hitting $42.67. 83 shares of the stock were exchanged, compared to its average volume of 2,202. The firm has a 50 day simple moving average of $36.09 and a 200 day simple moving average of $34.40. ETRACS CMCI Total Return ETN Series B has a 1 year low of $25.31 and a 1 year high of $40.69.

ETRACS CMCI Total Return ETN Series B Company Profile

The ETRACS CMCI Total Return ETN Series B (UCIB) is an exchange-traded fund that is based on the UBS CMCI index. The fund tracks a broad-commodity index representing five commodity sectors. It uses a set of five futures contracts of different maturities to maintain exposure to each commodity. UCIB was launched on Oct 8, 2015 and is issued by ETRACS.