Key stats
About ETRACS Crude Oil Shares Covered Call ETNs due April 24, 2037
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Inception date
Apr 25, 2017
Structure
Exchange-Traded Note
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Distributor
Credit Suisse Securities (USA) LLC
USOI adds a twist to the crude oil segment by extracting income from oil futures exposure. The ETN provides the return of USCF`s popular front-month oil ETF, USO, coupled with a notional short position in USO calls expiring the next month with strike prices 6% out of the money. The strategy adds yield and lowers volatility compared to owning USO outright, but at the cost of upside participation. Therefore, USOI is likely to perform very differently from crude oil futures. USOI aims to distribute yield monthly, typical of an ETN. Prior to May 31, 2024 the Issuer and counterparty credit risk of this ETN was Credit Suisse AG.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
USOI last dividends amounted to 0.85 USD. The month before, the issuer paid 0.85 USD in dividends, which shows a 0.66% increase.
USOI assets under management is 296.90 M USD. It's risen 4.50% over the last month.
USOI fund flows account for 6.91 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, USOI pays dividends to its holders with the dividend yield of 25.92%. The last dividend (May 27, 2025) amounted to 0.85 USD. The dividends are paid monthly.
USOI shares are issued by UBS Group AG under the brand ETRACS. The ETF was launched on Apr 25, 2017, and its management style is Passive.
USOI expense ratio is 0.85% meaning you'd have to pay 0.85% of your investment to help manage the fund.
USOI follows the Credit Suisse NASDAQ WTI Crude Oil FLOWS 106 Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
USOI price has risen by 4.52% over the last month, and its yearly performance shows a −19.10% decrease. See more dynamics on USOI price chart.
NAV returns, another gauge of an ETF dynamics, showed a −5.05% decrease in three-month performance and has decreased by −4.93% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −5.05% decrease in three-month performance and has decreased by −4.93% in a year.
USOI trades at a premium (0.04%) meaning the ETF is trading at a higher price than the calculated NAV.