ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) Sees Significant Growth in Short Interest

ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 14,700 shares, an increase of 441.6% from the August 15th total of 2,714 shares. Based on an average daily volume of 77,258 shares, the short-interest ratio is presently 0.2 days. Currently, 1.5% of the company’s shares are sold short.

ETRACS Gold Shares Covered Call ETN Trading Up 0.5%

Shares of NASDAQ:GLDI traded up $0.80 during trading on Friday, hitting $148.00. 19,541 shares of the company’s stock were exchanged, compared to its average volume of 42,664. The firm has a market cap of $148.00 million, a P/E ratio of 189.67 and a beta of 0.15. The firm has a 50-day moving average price of $146.02 and a two-hundred day moving average price of $157.70. ETRACS Gold Shares Covered Call ETN has a 1-year low of $138.40 and a 1-year high of $183.61.

ETRACS Gold Shares Covered Call ETN Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 22nd will be issued a dividend of $2.4852 per share. The ex-dividend date of this dividend is Tuesday, September 22nd. This represents a c) dividend on an annualized basis and a yield of 20.2%. This is a boost from ETRACS Gold Shares Covered Call ETN’s previous monthly dividend of $1.85. ETRACS Gold Shares Covered Call ETN’s dividend payout ratio (DPR) is presently 205.19%.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in ETRACS Gold Shares Covered Call ETN stock. Claris Financial LLC purchased a new position in ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 6,726 shares of the company’s stock, valued at approximately $1,169,000. Claris Financial LLC owned about 0.96% of ETRACS Gold Shares Covered Call ETN as of its most recent SEC filing. 36.97% of the stock is currently owned by institutional investors.

ETRACS Gold Shares Covered Call ETN Company Profile

luxury british cocoa grower and chocolatier, hotel chocolat, was founded in 2004 to make exciting chocolate with three guiding principles – authenticity, originality and ethics – which remain central to the brand’s success today. with its rabot estate cocoa plantation in saint lucia, a chocolate manufacturing facility in cambridgeshire and stores across the uk and internationally, hotel chocolat occupies a unique space – being able to link all aspects of chocolate from the tree to the consumer. they also have concessions in john lewis stores nationwide and in david jones, australia.