ETRACS Crude Oil Shares Covered Call ETN (NASDAQ:USOI) Stock Price Up 2.7% - Here's What Happened

Key Points

• Shares of ETRACS Crude Oil Shares Covered Call ETN (NASDAQ:USOI) rose 2.7% to about $58.07 on Wednesday (intraday high $58.38) on ~99,786 shares traded, roughly a 52% decline from its average daily volume of 209,421.
• The ETN paid a sharply increased monthly dividend of $7.4747 per share (up from $1.29), which implies an annualized yield of about 154.5%.
• Institutional activity: Sound Income Strategies bought a new stake of 1,458 shares (~$83,000) in the first quarter, signaling a modest institutional inflow.

ETRACS Crude Oil Shares Covered Call ETN (NASDAQ:USOI - ) shares rose 2.7% during trading on Wednesday . The company traded as high as $58.38 and last traded at $58.07. Approximately 99,786 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 209,421 shares. The stock had previously closed at $56.56.

ETRACS Crude Oil Shares Covered Call ETN Price Performance

The stock has a 50 day moving average price of $55.66 and a 200 day moving average price of $51.17.

ETRACS Crude Oil Shares Covered Call ETN Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, April 27th. Investors of record on Wednesday, April 22nd were given a dividend of $7.4747 per share. This is a boost from ETRACS Crude Oil Shares Covered Call ETN's previous monthly dividend of $1.29. The ex-dividend date of this dividend was Wednesday, April 22nd. This represents a c) dividend on an annualized basis and a yield of 154.5%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ETRACS Crude Oil Shares Covered Call ETN stock. Sound Income Strategies LLC acquired a new stake in shares of ETRACS Crude Oil Shares Covered Call ETN (NASDAQ:USOI - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,458 shares of the company's stock, valued at approximately $83,000.

ETRACS Crude Oil Shares Covered Call ETN Company Profile

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