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

ETRACS Crude Oil Shares Covered Call ETN (NASDAQ:USOIGet Free Report) was the target of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 15,574 shares, a decline of 70.4% from the May 14th total of 52,567 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average trading volume of 100,726 shares, the days-to-cover ratio is currently 0.2 days.

ETRACS Crude Oil Shares Covered Call ETN Stock Performance

Shares of ETRACS Crude Oil Shares Covered Call ETN stock traded down $0.87 during trading on Thursday, reaching $53.54. The company’s stock had a trading volume of 24,381 shares, compared to its average volume of 172,984. The company has a 50-day moving average price of $56.57 and a two-hundred day moving average price of $52.56. ETRACS Crude Oil Shares Covered Call ETN has a fifty-two week low of $45.83 and a fifty-two week high of $61.30.

ETRACS Crude Oil Shares Covered Call ETN Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, June 25th. Investors of record on Monday, June 22nd will be given a $2.5475 dividend. This represents a c) dividend on an annualized basis and a yield of 57.1%. The ex-dividend date is Monday, June 22nd.

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 acquired a new stake in ETRACS Crude Oil Shares Covered Call ETN (NASDAQ:USOIFree Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 1,458 shares of the company’s stock, valued at approximately $83,000.

ETRACS Crude Oil Shares Covered Call ETN Company Profile

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