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

ETRACS CMCI Total Return ETN Series B (NYSEARCA:UCIB) saw a large increase in short interest in 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. Based on an average daily volume of 508 shares, the days-to-cover ratio is presently 4.8 days. Currently, 0.3% of the company’s shares are sold short.

ETRACS CMCI Total Return ETN Series B Price Performance

Shares of UCIB stock traded up $0.23 during mid-day trading on Friday, hitting $37.26. 2,860 shares of the company’s stock were exchanged, compared to its average volume of 2,283. ETRACS CMCI Total Return ETN Series B has a fifty-two week low of $24.92 and a fifty-two week high of $40.69. The stock has a 50-day simple moving average of $34.61 and a two-hundred day simple moving average of $33.55.

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.