ETRACS Crude Oil Shares Covered Call ETNs due April 24, 2037 (USOI)
NASDAQ · ETF
As of Jul 20, 2026
Price history
Key statistics
- Market cap
- $328.16M
- Volume
- 2,229,564
- 52-week high
- —
- 52-week low
- —
- Open
- $47.43
- Day high
- $47.43
- Day low
- $46.51
Top holdings
Holdings for this ETF are being compiled and will appear here soon.
About ETRACS Crude Oil Shares Covered Call ETNs due April 24, 2037
USOI presents a distinctive strategy within the crude oil market, aiming to generate revenue from its holdings in oil futures. This Exchange Traded Note mirrors the performance of USO, a widely recognized ETF tracking front-month oil contracts, while simultaneously taking a synthetic short position in USO call options. These options are structured to expire the following month with strike prices set 6% above the current market value. This particular strategy is designed to boost income and reduce price volatility compared to simply holding USO, but it inherently limits the potential for substantial upside gains. Consequently, USOI's performance is anticipated to diverge significantly from that of direct crude oil futures. In line with typical ETN characteristics, USOI intends to distribute its generated income to investors on a monthly basis.