ETRACS CMCI Total Return ETN Series B (NYSEARCA:UCIB) Short Interest Down 42.5% in May

ETRACS CMCI Total Return ETN Series B (NYSEARCA:UCIB) was the target of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 1,688 shares, a decline of 42.5% from the April 30th total of 2,938 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 578 shares, the short-interest ratio is presently 2.9 days.

ETRACS CMCI Total Return ETN Series B Trading Down 1.9%

Shares of UCIB traded down $0.66 on Tuesday, reaching $34.49. 2,205 shares of the company’s stock were exchanged, compared to its average volume of 1,341. The business has a 50 day moving average price of $34.05 and a two-hundred day moving average price of $30.83. ETRACS CMCI Total Return ETN Series B has a 12 month low of $24.18 and a 12 month high of $40.09.

ETRACS CMCI Total Return ETN Series B Company Profile

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.