ETRACS CMCI Total Return ETN Series B (NYSEARCA:UCIB) Sees Large Drop in Short Interest

ETRACS CMCI Total Return ETN Series B (NYSEARCA:UCIB) saw a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 212 shares, a decrease of 83.5% from the December 31st total of 1,285 shares. Based on an average daily volume of 334 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 334 shares, the days-to-cover ratio is currently 0.6 days.

ETRACS CMCI Total Return ETN Series B Stock Performance

NYSEARCA:UCIB traded up $2.46 during trading hours on Thursday, hitting $32.49. The company’s stock had a trading volume of 479 shares, compared to its average volume of 562. ETRACS CMCI Total Return ETN Series B has a 52-week low of $24.00 and a 52-week high of $32.49. The stock has a fifty day moving average of $28.25 and a 200-day moving average of $27.46.

About ETRACS CMCI Total Return ETN Series B

The ETRACS CMCI Total Return ETN Series B (UCIB) is an exchange-traded fund that is based on the UBS CMCI index. The fund tracks a broad-commodity index representing five commodity sectors. It uses a set of five futures contracts of different maturities to maintain exposure to each commodity. UCIB was launched on Oct 8, 2015 and is issued by ETRACS.