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

ETRACS Crude Oil Shares Covered Call ETN (NASDAQ:USOIGet Free Report) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 80,136 shares, a growth of 101.6% from the July 30th total of 39,759 shares. Based on an average trading volume of 181,130 shares, the short-interest ratio is currently 0.4 days. Approximately 1.4% of the company’s stock are short sold.

Hedge Funds Weigh In On 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 acquired 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 firm acquired 1,458 shares of the company’s stock, valued at approximately $83,000.

ETRACS Crude Oil Shares Covered Call ETN Stock Performance

Shares of NASDAQ:USOI opened at $44.06 on Monday. The stock has a fifty day simple moving average of $44.85 and a two-hundred day simple moving average of $51.43. ETRACS Crude Oil Shares Covered Call ETN has a 12-month low of $41.90 and a 12-month high of $61.30.

ETRACS Crude Oil Shares Covered Call ETN Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Thursday, August 20th were given a $2.7001 dividend. The ex-dividend date of this dividend was Thursday, August 20th. This represents a c) annualized dividend and a dividend yield of 73.5%. This is a boost from ETRACS Crude Oil Shares Covered Call ETN’s previous monthly dividend of $2.10.

About ETRACS Crude Oil Shares Covered Call ETN

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