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

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ETRACS Crude Oil Shares Covered Call ETN stock. Sound Income Strategies LLC bought a new stake in ETRACS Crude Oil Shares Covered Call ETN (NASDAQ:USOI) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,458 shares of the company’s stock, valued at approximately $83,000.

ETRACS Crude Oil Shares Covered Call ETN Price Performance

Shares of NASDAQ USOI traded up $0.17 during midday trading on Friday, hitting $45.24. 305,237 shares of the company traded hands, compared to its average volume of 194,330. ETRACS Crude Oil Shares Covered Call ETN has a 12-month low of $41.90 and a 12-month high of $61.30. The stock has a 50-day moving average price of $49.33 and a 200 day moving average price of $52.11.

ETRACS Crude Oil Shares Covered Call ETN Cuts Dividend

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

ETRACS Crude Oil Shares Covered Call ETN Company Profile

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