ETRACS Crude Oil Shares Covered Call ETN (NASDAQ:USOI) Short Interest Down 35.5% in April

ETRACS Crude Oil Shares Covered Call ETN (NASDAQ:USOI) was the target of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 88,364 shares, a decline of 35.5% from the April 15th total of 137,057 shares. Based on an average daily trading volume, of 153,018 shares, the days-to-cover ratio is currently 0.6 days. Currently, 1.6% of the shares of the company are short sold.

ETRACS Crude Oil Shares Covered Call ETN Price Performance

Shares of NASDAQ:USOI opened at $61.17 on Wednesday. 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. The business has a 50-day simple moving average of $56.92 and a two-hundred day simple moving average of $51.95.

ETRACS Crude Oil Shares Covered Call ETN Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Wednesday, May 20th will be given a $2.8511 dividend. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a c) dividend on an annualized basis and a yield of 55.9%.

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

A hedge fund recently bought a new stake in ETRACS Crude Oil Shares Covered Call ETN stock. Sound Income Strategies LLC bought a new position in ETRACS Crude Oil Shares Covered Call ETN (NASDAQ:USOI) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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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