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ETRACS Crude Oil Shares Covered Call ETN (NASDAQ:USOI) Trading 0.4% Higher - Still a Buy?

ETRACS Crude Oil Shares Covered Call ETN logo with background

ETRACS Crude Oil Shares Covered Call ETN (NASDAQ:USOI - Get Free Report) rose 0.4% during trading on Friday . The company traded as high as $57.15 and last traded at $56.53. Approximately 191,620 shares changed hands during mid-day trading, an increase of 203% from the average daily volume of 63,261 shares. The stock had previously closed at $56.31.

ETRACS Crude Oil Shares Covered Call ETN Trading Down 0.5%

The company's 50 day simple moving average is $54.71 and its 200-day simple moving average is $60.17.

ETRACS Crude Oil Shares Covered Call ETN Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Friday, June 20th will be issued a dividend of $2.0756 per share. This is a positive change from ETRACS Crude Oil Shares Covered Call ETN's previous dividend of $0.85. The ex-dividend date is Friday, June 20th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ETRACS Crude Oil Shares Covered Call ETN stock. OLD Mission Capital LLC bought a new stake in ETRACS Crude Oil Shares Covered Call ETN (NASDAQ:USOI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 16,361 shares of the company's stock, valued at approximately $1,071,000. OLD Mission Capital LLC owned 2.87% of ETRACS Crude Oil Shares Covered Call ETN at the end of the most recent quarter.

About ETRACS Crude Oil Shares Covered Call ETN

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Further Reading

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