ETRACS CMCI Total Return ETN Series B (NYSEARCA:UCIB) Stock Short Interest Falls 90.2%

ETRACS CMCI Total Return ETN Series B (NYSEARCA:UCIB) was the target of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 1,130 shares, a drop of 90.2% from the September 15th total of 11,502 shares. Based on an average daily volume of 1,713 shares, the short-interest ratio is presently 0.7 days. Currently, 0.1% of the company’s stock are sold short.

ETRACS CMCI Total Return ETN Series B Stock Down 1.4%

NYSEARCA:UCIB traded down $0.52 during mid-day trading on Friday, reaching $37.48. The stock had a trading volume of 117 shares, compared to its average volume of 2,152. ETRACS CMCI Total Return ETN Series B has a 1-year low of $25.31 and a 1-year high of $41.76. The stock’s 50 day simple moving average is $37.16 and its two-hundred day simple moving average is $35.07.

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.