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 decline in short interest during the month of May. As of May 15th, there was short interest totaling 1,688 shares, a decline of 42.5% from the April 30th total of 2,938 shares. Based on an average trading volume of 578 shares, the days-to-cover ratio is currently 2.9 days. Approximately 0.2% of the company’s shares are sold short.

ETRACS CMCI Total Return ETN Series B Price Performance

Shares of NYSEARCA UCIB opened at $33.87 on Thursday. The business’s 50 day moving average is $34.12 and its two-hundred day moving average is $30.92. ETRACS CMCI Total Return ETN Series B has a 1-year low of $24.18 and a 1-year high of $40.09.

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.