ETRACS Crude Oil Shares Covered Call ETN (NASDAQ:USOI) Shares Up 1.8% - Time to Buy?

Key Points

• ETRACS Crude Oil Shares Covered Call ETN (NASDAQ:USOI) rose 1.8% to $56.77 (intraday high $56.87) on Friday, with about 63,274 shares traded — a 74% decline from its average daily volume of 238,874.
• The fund paid a monthly dividend of $1.2918 per share to holders of record on March 20 (paid March 25), representing an annualized yield of 27.3%.
• USOI is trading above its short- and long-term technicals, with a 50-day simple moving average of $52.31 and a 200-day simple moving average of $50.19.

ETRACS Crude Oil Shares Covered Call ETN (NASDAQ:USOI - ) were up 1.8% on Friday . The company traded as high as $56.87 and last traded at $56.77. Approximately 63,274 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 238,874 shares. The stock had previously closed at $55.77.

ETRACS Crude Oil Shares Covered Call ETN Price Performance

The company's 50-day simple moving average is $52.31 and its 200-day simple moving average is $50.19.

ETRACS Crude Oil Shares Covered Call ETN Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Wednesday, March 25th. Investors of record on Friday, March 20th were issued a dividend of $1.2918 per share. This represents a c) dividend on an annualized basis and a yield of 27.3%. The ex-dividend date of this dividend was Friday, March 20th.

About ETRACS Crude Oil Shares Covered Call ETN

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