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) saw a significant decrease in short interest in June. As of June 30th, there was short interest totaling 4,474 shares, a decrease of 52.5% from the June 15th total of 9,411 shares. Based on an average daily volume of 76,624 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

ETRACS Crude Oil Shares Covered Call ETN Trading Up 3.3%

USOI stock opened at $45.97 on Tuesday. The company’s 50 day simple moving average is $51.31 and its 200-day simple moving average is $52.22. ETRACS Crude Oil Shares Covered Call ETN has a 12 month low of $41.90 and a 12 month high of $61.30.

ETRACS Crude Oil Shares Covered Call ETN Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, July 27th. Investors of record on Wednesday, July 22nd will be paid a $2.0995 dividend. The ex-dividend date of this dividend is Wednesday, July 22nd. This represents a c) dividend on an annualized basis and a yield of 54.8%.

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 ETRACS Crude Oil Shares Covered Call ETN (NASDAQ:USOIFree Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 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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