Commodity Roundup: Traders turn selective despite ongoing broad rally, grains stand out
Seeking Alpha News (Mon, 24-Feb 6:00 AM ET)
Crude oil drops to YTD low as OPEC expected to delay planned production hike
Seeking Alpha News (Fri, 21-Feb 7:35 PM ET)
U.S. drilling rigs reach highest since June, Baker Hughes reports
Seeking Alpha News (Fri, 21-Feb 2:15 PM ET)
Crude oil marches higher after another build in U.S. crude stockpiles
Seeking Alpha News (Thu, 20-Feb 7:20 PM ET)
Lumber stocks in focus as Trump mulls 25% tariffs in early April; gold notches another record high
Seeking Alpha News (Thu, 20-Feb 5:54 AM ET)
Easing of western sanctions might not spark Russian oil flows, Goldman says
Seeking Alpha News (Wed, 19-Feb 7:55 PM ET)
Easing of western sanctions might not boost Russian oil flows, Goldman says
Seeking Alpha News (Wed, 19-Feb 7:55 PM ET)
Commodity Roundup: Oil extends gains, gold futures rise to near record highs on trade war fears
Seeking Alpha News (Wed, 19-Feb 6:03 AM ET)
UBS Declares Coupon Payments on 8 ETRACS Exchange Traded Notes
Business Wire (Thu, 6-Feb 3:23 PM ET)
UBS Declares Coupon Payments on 12 ETRACS Exchange Traded Notes
Business Wire (Tue, 7-Jan 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 February 24, 2025, USOI stock price climbed to $62.11 with 61,798 million shares trading.
USOI has a beta of 0.56, 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 $332.29 million. This is considered a Small Cap stock.
In the last 3 years, USOI traded as high as $118.00 and as low as $61.56.
USOI has underperformed the market in the last year with a return of +4.3%, while SPY returned +21.5%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in USOI shares. However, USOI has outperformed the market in the last 3 month and 2 week periods, returning +3.1% and +0.4%, while SPY returned +0.9% and -0.6%, respectively. This indicates USOI has been having a stronger performance recently.
USOI support price is $60.86 and resistance is $62.36 (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.