ETRACS Crude Oil Shares Covered Call ETN (NASDAQ:USOI) Trading Up 0.9% - Here's Why

Key Points

• The ETRACS Crude Oil Shares Covered Call ETN (NASDAQ:USOI) increased by 0.9% during mid-day trading, with shares traded at $49.26.
• A monthly dividend of $0.7501 was declared for shareholders, representing an annualized yield of 18.3%, an increase from the previous dividend of $0.58.
• OLD Mission Capital LLC raised its stake in the ETRACS Crude Oil Shares Covered Call ETN by 75.8%, acquiring an additional 12,400 shares.

ETRACS Crude Oil Shares Covered Call ETN (NASDAQ:USOI - ) were up 0.9% during mid-day trading on Monday . The company traded as high as $49.45 and last traded at $49.26. Approximately 32,673 shares traded hands during trading, a decline of 49% from the average daily volume of 64,162 shares. The stock had previously closed at $48.84.

ETRACS Crude Oil Shares Covered Call ETN Trading Up 0.9%

The firm has a fifty day moving average price of $51.29 and a 200-day moving average price of $53.64.

ETRACS Crude Oil Shares Covered Call ETN Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, October 27th. Shareholders of record on Wednesday, October 22nd will be paid a $0.7501 dividend. This represents a c) dividend on an annualized basis and a yield of 18.3%. The ex-dividend date of this dividend is Wednesday, October 22nd. This is a positive change from ETRACS Crude Oil Shares Covered Call ETN's previous monthly dividend of $0.58.

Institutional Investors Weigh In On 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 increased its stake in ETRACS Crude Oil Shares Covered Call ETN (NASDAQ:USOI - Free Report) by 75.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 28,761 shares of the company's stock after acquiring an additional 12,400 shares during the period. OLD Mission Capital LLC owned approximately 0.54% of ETRACS Crude Oil Shares Covered Call ETN worth $1,764,000 as of its most recent SEC filing.

ETRACS Crude Oil Shares Covered Call ETN Company Profile

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