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

ETRACS CMCI Total Return ETN Series B (NYSEARCA:UCIB) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 11,502 shares, a growth of 174.8% from the August 31st total of 4,185 shares. Based on an average daily trading volume, of 966 shares, the short-interest ratio is presently 11.9 days. Approximately 1.2% of the shares of the company are sold short.

ETRACS CMCI Total Return ETN Series B Price Performance

Shares of UCIB traded down $0.54 during mid-day trading on Monday, hitting $37.67. 685 shares of the company’s stock were exchanged, compared to its average volume of 2,174. ETRACS CMCI Total Return ETN Series B has a fifty-two week low of $25.31 and a fifty-two week high of $41.76. The business’s 50 day moving average is $36.56 and its two-hundred day moving average is $34.71.

About ETRACS CMCI Total Return ETN Series B

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.