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

ETRACS CMCI Total Return ETN Series B (NYSEARCA:UCIB) was the target of a significant growth in short interest in May. As of May 31st, there was short interest totalling 12,200 shares, a growth of 76.8% from the May 15th total of 6,900 shares. Based on an average daily volume of 1,000 shares, the days-to-cover ratio is currently 12.2 days. Currently, 1.3% of the company’s stock are short sold.

Institutional Trading of ETRACS CMCI Total Return ETN Series B

An institutional investor recently bought a new position in ETRACS CMCI Total Return ETN Series B stock. Dorsey & Whitney Trust CO LLC purchased a new position in shares of ETRACS CMCI Total Return ETN Series B (NYSEARCA:UCIB) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,953 shares of the company’s stock, valued at approximately $211,000. Dorsey & Whitney Trust CO LLC owned approximately 0.84% of ETRACS CMCI Total Return ETN Series B as of its most recent filing with the Securities & Exchange Commission.

ETRACS CMCI Total Return ETN Series B Price Performance

Shares of UCIB opened at $27.02 on Tuesday. ETRACS CMCI Total Return ETN Series B has a 1 year low of $22.00 and a 1 year high of $29.18. The company’s 50-day simple moving average is $25.96 and its 200-day simple moving average is $26.24.

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.