Short Interest in ETRACS Crude Oil Shares Covered Call ETN (NASDAQ:USOI) Declines By 70.4%

ETRACS Crude Oil Shares Covered Call ETN (NASDAQ:USOIGet Free Report) was the recipient of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 15,574 shares, a decline of 70.4% from the May 14th total of 52,567 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average trading volume of 100,726 shares, the days-to-cover ratio is presently 0.2 days.

ETRACS Crude Oil Shares Covered Call ETN Trading Down 1.5%

Shares of USOI stock traded down $0.81 on Friday, hitting $52.29. 62,786 shares of the stock traded hands, compared to its average volume of 172,333. The firm’s 50-day moving average price is $56.47 and its two-hundred day moving average price is $52.60. ETRACS Crude Oil Shares Covered Call ETN has a twelve month low of $45.83 and a twelve month high of $61.30.

ETRACS Crude Oil Shares Covered Call ETN Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Monday, June 22nd will be given a dividend of $2.5475 per share. The ex-dividend date of this dividend is Monday, June 22nd. This represents a c) annualized dividend and a dividend yield of 58.5%.

Institutional Trading of ETRACS Crude Oil Shares Covered Call ETN

An institutional investor recently bought a new position in ETRACS Crude Oil Shares Covered Call ETN stock. Sound Income Strategies LLC bought a new position in shares of ETRACS Crude Oil Shares Covered Call ETN (NASDAQ:USOIFree Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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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