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

ETRACS Crude Oil Shares Covered Call ETN (NASDAQ:USOIGet Free Report) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 48,806 shares, a drop of 39.1% from the August 15th total of 80,136 shares. Currently, 0.9% of the shares of the company are sold short. Based on an average trading volume of 133,544 shares, the short-interest ratio is presently 0.4 days.

ETRACS Crude Oil Shares Covered Call ETN Trading Down 0.6%

NASDAQ:USOI traded down $0.27 during trading hours on Wednesday, reaching $47.09. The company had a trading volume of 52,157 shares, compared to its average volume of 185,555. ETRACS Crude Oil Shares Covered Call ETN has a 1-year low of $41.90 and a 1-year high of $61.30. The business’s 50 day moving average price is $45.51 and its 200-day moving average price is $51.01.

ETRACS Crude Oil Shares Covered Call ETN Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 22nd will be paid a dividend of $1.7002 per share. This represents a c) annualized dividend and a dividend yield of 43.3%. The ex-dividend date of this dividend is Tuesday, September 22nd.

Institutional Inflows and Outflows

A hedge fund 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 filing with the Securities and Exchange Commission. The institutional investor 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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