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

ETRACS Crude Oil Shares Covered Call ETN (NASDAQ:USOI – Get Free Report) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 355,389 shares, an increase of 198.0% from the September 30th total of 119,273 shares. Based on an average daily trading volume, of 135,467 shares, the days-to-cover ratio is presently 2.6 days. Currently, 6.3% of the company’s stock are short sold.

ETRACS Crude Oil Shares Covered Call ETN Price Performance

Shares of NASDAQ USOI traded up $0.05 during mid-day trading on Thursday, hitting $44.72. The company had a trading volume of 13,332 shares, compared to its average volume of 178,797. ETRACS Crude Oil Shares Covered Call ETN has a one year low of $41.90 and a one year high of $61.30. The firm has a 50-day simple moving average of $45.48 and a two-hundred day simple moving average of $50.01.

ETRACS Crude Oil Shares Covered Call ETN Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, October 26th. Shareholders of record on Wednesday, October 21st were given a dividend of $3.1386 per share. This represents a $37.66 dividend on an annualized basis and a yield of 84.2%. This is a boost from ETRACS Crude Oil Shares Covered Call ETN’s previous monthly dividend of $1.7002. The ex-dividend date of this dividend was Wednesday, October 21st.

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

An institutional investor 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 – Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm 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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