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 the month of 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. Approximately 0.4% of the shares of the stock are sold short. Based on an average trading volume of 1,324 shares, the days-to-cover ratio is presently 3.2 days.

ETRACS CMCI Total Return ETN Series B Stock Down 0.4%

UCIB stock traded down $0.14 during midday trading on Wednesday, reaching $37.93. The company had a trading volume of 83 shares, compared to its average volume of 2,202. The stock has a 50 day moving average price of $35.93 and a 200-day moving average price of $34.29. ETRACS CMCI Total Return ETN Series B has a 1-year low of $25.31 and a 1-year high of $40.69.

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.