Short Interest in ETRACS CMCI Total Return ETN Series B (NYSEARCA:UCIB) Drops By 81.4%

ETRACS CMCI Total Return ETN Series B (NYSEARCA:UCIB) saw a large decline in short interest in April. As of April 30th, there was short interest totaling 2,938 shares, a decline of 81.4% from the April 15th total of 15,778 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 683 shares, the short-interest ratio is presently 4.3 days.

ETRACS CMCI Total Return ETN Series B Stock Down 2.6%

NYSEARCA:UCIB traded down $0.91 on Thursday, reaching $34.72. 216 shares of the stock traded hands, compared to its average volume of 1,348. ETRACS CMCI Total Return ETN Series B has a 12 month low of $24.18 and a 12 month high of $40.09. The company’s fifty day simple moving average is $33.37 and its 200 day simple moving average is $30.19.

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.