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

ETRACS Crude Oil Shares Covered Call ETN (NASDAQ:USOI – Get Free Report) saw a large drop in short interest in May. As of May 15th, there was short interest totaling 52,567 shares, a drop of 40.5% from the April 30th total of 88,364 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average trading volume of 77,104 shares, the days-to-cover ratio is currently 0.7 days.

ETRACS Crude Oil Shares Covered Call ETN Stock Performance

Shares of USOI stock traded up $1.02 on Wednesday, hitting $56.47. 29,895 shares of the stock traded hands, compared to its average volume of 180,411. The company’s fifty day moving average is $56.69 and its 200 day moving average is $52.27. ETRACS Crude Oil Shares Covered Call ETN has a 1-year low of $45.83 and a 1-year high of $61.30.

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ETRACS Crude Oil Shares Covered Call ETN Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Wednesday, May 20th were issued a dividend of $2.8511 per share. This represents a c) dividend on an annualized basis and a dividend yield of 60.6%. The ex-dividend date of this dividend was Wednesday, May 20th.

Institutional Inflows and Outflows

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 shares of ETRACS Crude Oil Shares Covered Call ETN (NASDAQ:USOI – Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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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