ETRACS CMCI Total Return ETN Series B (NYSEARCA:UCIB) Short Interest Down 42.5% in May

ETRACS CMCI Total Return ETN Series B (NYSEARCA:UCIB) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 1,688 shares, a decline of 42.5% from the April 30th total of 2,938 shares. Based on an average daily trading volume, of 578 shares, the short-interest ratio is currently 2.9 days. Currently, 0.2% of the company’s shares are sold short.

ETRACS CMCI Total Return ETN Series B Stock Performance

ETRACS CMCI Total Return ETN Series B stock traded down $0.66 during mid-day trading on Tuesday, hitting $34.49. 2,205 shares of the company’s stock were exchanged, compared to its average volume of 1,341. 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 company’s 50 day simple moving average is $34.05 and its 200-day simple moving average is $30.83.

About ETRACS CMCI Total Return ETN Series B

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.