Short Interest in ETRACS CMCI Total Return ETN Series B (NYSEARCA:UCIB) Rises By 72.5%

ETRACS CMCI Total Return ETN Series B (NYSEARCA:UCIB) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 4,185 shares, an increase of 72.5% from the August 15th total of 2,426 shares. Based on an average daily trading volume, of 1,324 shares, the days-to-cover ratio is currently 3.2 days. Approximately 0.4% of the shares of the company are sold short.

ETRACS CMCI Total Return ETN Series B Price Performance

NYSEARCA:UCIB traded down $0.14 during mid-day trading on Wednesday, reaching $37.93. 83 shares of the company’s stock were exchanged, compared to its average volume of 2,202. ETRACS CMCI Total Return ETN Series B has a one year low of $25.31 and a one year high of $40.69. The business’s fifty day simple moving average is $35.93 and its two-hundred day simple moving average is $34.29.

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.