Short Interest in ETRACS Crude Oil Shares Covered Call ETN (NASDAQ:USOI) Drops By 35.5%

ETRACS Crude Oil Shares Covered Call ETN (NASDAQ:USOIGet Free Report) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 88,364 shares, a decline of 35.5% from the April 15th total of 137,057 shares. Based on an average trading volume of 153,018 shares, the days-to-cover ratio is presently 0.6 days. Approximately 1.6% of the shares of the company are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ETRACS Crude Oil Shares Covered Call ETN stock. Sound Income Strategies LLC bought a new stake in ETRACS Crude Oil Shares Covered Call ETN (NASDAQ:USOIFree Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,458 shares of the company’s stock, valued at approximately $83,000.

ETRACS Crude Oil Shares Covered Call ETN Trading Up 1.7%

Shares of NASDAQ:USOI traded up $1.01 during trading on Monday, hitting $60.61. The stock had a trading volume of 153,502 shares, compared to its average volume of 191,873. ETRACS Crude Oil Shares Covered Call ETN has a 12-month low of $45.83 and a 12-month high of $60.67. The stock has a 50-day simple moving average of $56.68 and a two-hundred day simple moving average of $51.79.

ETRACS Crude Oil Shares Covered Call ETN Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Wednesday, May 20th will be paid a dividend of $2.8511 per share. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a c) dividend on an annualized basis and a dividend yield of 56.4%.

ETRACS Crude Oil Shares Covered Call ETN Company Profile

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