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

ETRACS Crude Oil Shares Covered Call ETN (NASDAQ:USOIGet Free Report) was the target of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 88,364 shares, a decrease of 35.5% from the April 15th total of 137,057 shares. Based on an average trading volume of 153,018 shares, the days-to-cover ratio is currently 0.6 days. Currently, 1.6% of the shares of the stock are short sold.

Hedge Funds Weigh In On ETRACS Crude Oil Shares Covered Call ETN

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

ETRACS Crude Oil Shares Covered Call ETN Stock Up 1.4%

Shares of NASDAQ:USOI traded up $0.82 on Tuesday, hitting $61.04. The company had a trading volume of 96,541 shares, compared to its average volume of 191,170. ETRACS Crude Oil Shares Covered Call ETN has a 52-week low of $45.83 and a 52-week high of $61.13. The business has a 50 day moving average of $56.80 and a 200 day moving average of $51.87.

ETRACS Crude Oil Shares Covered Call ETN Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Wednesday, May 20th will be given a $2.8511 dividend. This represents a c) annualized dividend and a dividend yield of 56.1%. The ex-dividend date is Wednesday, May 20th.

ETRACS Crude Oil Shares Covered Call ETN Company Profile

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