ETRACS Crude Oil Shares Covered Call ETN (NASDAQ:USOI) Short Interest Up 51.4% in August

Key Points

• The short interest in ETRACS Crude Oil Shares Covered Call ETN (NASDAQ:USOI) grew by 51.4% in August, reaching 174,400 shares as of August 31st.
• The stock's dividend has been set at $0.5806 per share, representing a yield of 13.5% to be paid on September 25th.
• Institutional investor OLD Mission Capital LLC increased its holdings in USOI by 75.8%, now owning approximately 0.54% of the stock.

ETRACS Crude Oil Shares Covered Call ETN (NASDAQ:USOI - Get Free Report) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 174,400 shares, an increase of 51.4% from the August 15th total of 115,200 shares. Approximately 3.3% of the company's shares are short sold. Based on an average daily trading volume, of 86,900 shares, the short-interest ratio is currently 2.0 days. Based on an average daily trading volume, of 86,900 shares, the short-interest ratio is currently 2.0 days. Approximately 3.3% of the company's shares are short sold.

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 position in shares of ETRACS Crude Oil Shares Covered Call ETN (NASDAQ:USOI - Free Report) by 75.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 Down 0.6%

USOI stock traded down $0.33 during midday trading on Friday, hitting $51.61. The stock had a trading volume of 45,704 shares, compared to its average volume of 64,985. The company's 50-day moving average price is $52.47 and its 200 day moving average price is $54.71. ETRACS Crude Oil Shares Covered Call ETN has a 12-month low of $50.05 and a 12-month high of $68.82.

ETRACS Crude Oil Shares Covered Call ETN Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, September 25th. Investors of record on Monday, September 22nd will be given a dividend of $0.5806 per share. The ex-dividend date is Monday, September 22nd. This represents a c) annualized dividend and a yield of 13.5%.

About ETRACS Crude Oil Shares Covered Call ETN

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