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Credit Suisse X-Links Crude Oil Shares Covered Call ETNs
USOI•NASDAQ
Financial ServicesAsset Management
$51.25
$-1.12(-2.14%)
Credit Suisse X-Links Crude Oil Shares Covered Call ETNs (USOI) Stock Overview
Explore Credit Suisse X-Links Crude Oil Shares Covered Call ETNs’s financial performance, market position, analyst ratings, and future outlook.
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Company Profile
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.
Founded
2017