ETRACS CMCI Total Return ETN Series B (NYSEARCA:UCIB) Sees Significant Drop in Short Interest

ETRACS CMCI Total Return ETN Series B (NYSEARCA:UCIB) saw a significant drop in short interest in April. As of April 30th, there was short interest totaling 2,938 shares, a drop of 81.4% from the April 15th total of 15,778 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 683 shares, the days-to-cover ratio is currently 4.3 days.

ETRACS CMCI Total Return ETN Series B Trading Up 2.2%

ETRACS CMCI Total Return ETN Series B stock traded up $0.81 during mid-day trading on Tuesday, hitting $38.17. The company had a trading volume of 276 shares, compared to its average volume of 1,376. ETRACS CMCI Total Return ETN Series B has a 12-month low of $24.18 and a 12-month high of $38.33. The company’s fifty day moving average is $32.99 and its 200-day moving average is $29.99.

ETRACS CMCI Total Return ETN Series B Company Profile

The ETRACS CMCI Total Return ETN Series B (UCIB) is an exchange-traded fund that is based on the UBS CMCI index. The fund tracks a broad-commodity index representing five commodity sectors. It uses a set of five futures contracts of different maturities to maintain exposure to each commodity. UCIB was launched on Oct 8, 2015 and is issued by ETRACS.