ETRACS CMCI Total Return ETN Series B (NYSEARCA:UCIB) Short Interest Up 137.1% in August

ETRACS CMCI Total Return ETN Series B (NYSEARCA:UCIB) was the recipient of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 2,426 shares, an increase of 137.1% from the July 30th total of 1,023 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 508 shares, the short-interest ratio is currently 4.8 days.

ETRACS CMCI Total Return ETN Series B Price Performance

Shares of UCIB stock traded up $0.18 during trading hours on Friday, reaching $37.21. The company’s stock had a trading volume of 2,844 shares, compared to its average volume of 2,283. ETRACS CMCI Total Return ETN Series B has a one year low of $24.92 and a one year high of $40.69. The firm’s fifty day simple moving average is $34.53 and its 200 day simple moving average is $33.52.

About ETRACS CMCI Total Return ETN Series B

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.