ETRACS Crude Oil Shares Covered Call ETN (NASDAQ:USOI) Short Interest Update

Key Points

• The short interest for ETRACS Crude Oil Shares Covered Call ETN (NASDAQ:USOI) declined by 43.9%, down to 115,200 shares as of August 15th, with a short-interest ratio of 1.3 days.
• The ETN's recent dividend payment was $0.7691 per share, resulting in an annualized dividend yield of 18.2%.
• Institutional investor OLD Mission Capital LLC increased its stake in the ETN by 75.8%, owning 28,761 shares valued at approximately $1.76 million.

ETRACS Crude Oil Shares Covered Call ETN (NASDAQ:USOI - Get Free Report) was the recipient of a large drop in short interest during the month of August. As of August 15th, there was short interest totaling 115,200 shares, a drop of 43.9% from the July 31st total of 205,500 shares. Based on an average trading volume of 87,900 shares, the days-to-cover ratio is currently 1.3 days. Based on an average trading volume of 87,900 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Trading of ETRACS Crude Oil Shares Covered Call ETN

An institutional investor recently raised its position in ETRACS Crude Oil Shares Covered Call ETN stock. OLD Mission Capital LLC grew its holdings in shares of ETRACS Crude Oil Shares Covered Call ETN (NASDAQ:USOI - Free Report) by 75.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,761 shares of the company's stock after acquiring an additional 12,400 shares during the quarter. OLD Mission Capital LLC owned about 0.54% of ETRACS Crude Oil Shares Covered Call ETN worth $1,764,000 at the end of the most recent quarter.

ETRACS Crude Oil Shares Covered Call ETN Stock Performance

Shares of USOI traded up $0.23 during trading hours on Tuesday, reaching $51.02. 23,670 shares of the company's stock traded hands, compared to its average volume of 65,615. The firm's 50 day simple moving average is $52.96 and its 200-day simple moving average is $55.13. ETRACS Crude Oil Shares Covered Call ETN has a 12 month low of $50.05 and a 12 month high of $68.95.

ETRACS Crude Oil Shares Covered Call ETN Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Monday, September 22nd will be given a dividend of $0.5806 per share. This represents a c) dividend on an annualized basis and a dividend yield of 13.7%. The ex-dividend date is Monday, September 22nd.

ETRACS Crude Oil Shares Covered Call ETN Company Profile

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