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

ETRACS CMCI Total Return ETN Series B (NYSEARCA:UCIB) saw a significant decline in short interest in December. As of December 15th, there was short interest totaling 1,088 shares, a decline of 40.4% from the November 30th total of 1,824 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 284 shares, the days-to-cover ratio is currently 3.8 days. Based on an average daily volume of 284 shares, the days-to-cover ratio is currently 3.8 days. Currently, 0.1% of the shares of the stock are sold short.

ETRACS CMCI Total Return ETN Series B Trading Up 0.1%

Shares of UCIB traded up $0.03 during mid-day trading on Friday, reaching $28.07. The company had a trading volume of 204 shares, compared to its average volume of 1,935. ETRACS CMCI Total Return ETN Series B has a twelve month low of $22.97 and a twelve month high of $30.32. The company’s 50-day moving average is $27.58 and its 200-day moving average is $27.10.

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.