ETRACS Crude Oil Shares Covered Call ETN (NASDAQ:USOI) Shares Up 2.7% – Time to Buy?

ETRACS Crude Oil Shares Covered Call ETN (NASDAQ:USOI) shot up 2.7% during mid-day trading on Wednesday . The stock traded as high as $58.38 and last traded at $58.07. 99,786 shares changed hands during mid-day trading, a decline of 52% from the average session volume of 209,421 shares. The stock had previously closed at $56.56.

ETRACS Crude Oil Shares Covered Call ETN Price Performance

The company has a fifty day simple moving average of $55.76 and a 200-day simple moving average of $51.22.

ETRACS Crude Oil Shares Covered Call ETN Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, April 27th. Shareholders of record on Wednesday, April 22nd were issued a $7.4747 dividend. This is an increase from ETRACS Crude Oil Shares Covered Call ETN’s previous monthly dividend of $1.29. This represents a c) annualized dividend and a dividend yield of 158.0%. The ex-dividend date of this dividend was Wednesday, April 22nd.

Institutional Trading of ETRACS Crude Oil Shares Covered Call ETN

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 shares of ETRACS Crude Oil Shares Covered Call ETN (NASDAQ:USOI) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,458 shares of the company’s stock, valued at approximately $83,000.

About ETRACS Crude Oil Shares Covered Call ETN

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