ETRACS Crude Oil Shares Covered Call ETN (NASDAQ:USOI) Shares Up 0.2% – Still a Buy?

ETRACS Crude Oil Shares Covered Call ETN (NASDAQ:USOIGet Free Report)’s stock price shot up 0.2% during trading on Wednesday . The company traded as high as $43.85 and last traded at $43.31. Approximately 135,914 shares traded hands during mid-day trading, a decline of 31% from the average daily volume of 196,145 shares. The stock had previously closed at $43.24.

ETRACS Crude Oil Shares Covered Call ETN Stock Performance

The business’s 50 day simple moving average is $44.94 and its two-hundred day simple moving average is $51.47.

ETRACS Crude Oil Shares Covered Call ETN Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, August 25th. Investors of record on Thursday, August 20th were given a dividend of $2.7001 per share. This represents a c) dividend on an annualized basis and a yield of 73.7%. This is a boost from ETRACS Crude Oil Shares Covered Call ETN’s previous monthly dividend of $2.10. The ex-dividend date was Thursday, August 20th.

Institutional Inflows and Outflows

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