J.P. Morgan forecasts lower oil prices in Trump's upcoming term
Seeking Alpha News (Fri, 22-Nov 7:50 PM ET)
U.S. drilling rig count edges lower for second straight week, Baker Hughes says
Seeking Alpha News (Fri, 22-Nov 2:00 PM ET)
Oil markets confronted by 'profound sentiment challenge,' energy investor Nuttall says
Seeking Alpha News (Thu, 21-Nov 6:45 PM ET)
OPEC Secretary General issues heavenly message at COP29 - oil is 'gift of God'
Seeking Alpha News (Wed, 20-Nov 6:25 PM ET)
Crude oil adds to gains; analyst thinks China's oil imports surged in November
Seeking Alpha News (Tue, 19-Nov 7:35 PM ET)
UBS AG ETRACS Crude Oil Shares Covered Call ETNs due April 24, 2037 goes ex dividend tomorrow
Seeking Alpha News (Tue, 19-Nov 9:55 AM ET)
Commodity Roundup: Gold back above $2,600, ING sees oil market surplus through 2025
Seeking Alpha News (Tue, 19-Nov 6:00 AM ET)
AAA sees Thanksgiving auto travelers enjoying lowest pump prices in nearly three years
Seeking Alpha News (Mon, 18-Nov 7:25 PM ET)
UBS Declares Coupon Payments on 8 ETRACS Exchange Traded Notes
Business Wire (Wed, 6-Nov 4:30 PM ET)
UBS Declares Coupon Payments on 14 ETRACS Exchange Traded Notes
Business Wire (Mon, 7-Oct 4:30 PM ET)
The exchange traded notes ("ETNs") are designed for investors who seek a return linked to the performance of the price return version of the Credit Suisse Nasdaq WTI Crude Oil FLOWS 106 Index (the "Index"). The Index measures the return of a "covered call" strategy on the shares of the United States Oil Fund (the "Oil Fund", and such shares the "Reference Oil Shares") by reflecting changes in the price of the Reference Oil Shares and the notional option premiums received from the notional sale of monthly call options on the Reference Oil Shares less the Notional Transaction Costs incurred in connection with the implementation of the covered call strategy.
UBS Ag Etracs Crude Oil Shares Covered Call ETN trades on the NASDAQ stock market under the symbol USOI.
As of November 22, 2024, USOI stock price climbed to $65.29 with 71,954 million shares trading.
USOI has a beta of 0.59, meaning it tends to be less sensitive to market movements. USOI has a correlation of 0.14 to the broad based SPY ETF.
USOI has a market cap of $349.30 million. This is considered a Small Cap stock.
In the last 3 years, USOI traded as high as $118.00 and as low as $62.15.
USOI has underperformed the market in the last year with a return of +4.3%, while the SPY ETF gained +32.9%. In the last 3 month period, USOI fell short of the market, returning +1.8%, while SPY returned +6.5%. However, in the most recent 2 weeks USOI has outperformed the stock market by returning +0.3%, while SPY returned 0.0%.
USOI support price is $63.55 and resistance is $65.50 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that USOI shares will trade within this expected range on the day.