ETRACS CMCI Total Return ETN Series B (NYSEARCA:UCIB) Short Interest Down 81.4% in April

ETRACS CMCI Total Return ETN Series B (NYSEARCA:UCIB) was the target of a large decrease in short interest in April. As of April 30th, there was short interest totaling 2,938 shares, a decrease of 81.4% from the April 15th total of 15,778 shares. Based on an average daily volume of 683 shares, the days-to-cover ratio is presently 4.3 days. Approximately 0.3% of the shares of the company are short sold.

ETRACS CMCI Total Return ETN Series B Trading Down 11.1%

ETRACS CMCI Total Return ETN Series B stock traded down $4.46 during mid-day trading on Wednesday, reaching $35.63. 1,038 shares of the company traded hands, compared to its average volume of 1,361. ETRACS CMCI Total Return ETN Series B has a fifty-two week low of $24.18 and a fifty-two week high of $40.09. The firm’s fifty day moving average is $33.29 and its two-hundred day moving average is $30.14.

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.