ETRACS CMCI Total Return ETN Series B (NYSEARCA:UCIB) Short Interest Up 137.1% in August

ETRACS CMCI Total Return ETN Series B (NYSEARCA:UCIB) saw a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 2,426 shares, an increase of 137.1% from the July 30th total of 1,023 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 508 shares, the short-interest ratio is presently 4.8 days.

ETRACS CMCI Total Return ETN Series B Price Performance

Shares of UCIB stock traded up $0.18 during trading hours on Friday, reaching $37.21. 2,844 shares of the stock were exchanged, compared to its average volume of 2,283. The company’s 50-day moving average price is $34.53 and its 200-day moving average price is $33.52. ETRACS CMCI Total Return ETN Series B has a 12-month low of $24.92 and a 12-month high of $40.69.

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.