ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) Short Interest Update

ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDIGet Free Report) was the target of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 4,917 shares, a decrease of 51.8% from the April 15th total of 10,207 shares. Based on an average daily volume of 32,349 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.5% of the shares of the company are short sold.

ETRACS Gold Shares Covered Call ETN Price Performance

Shares of NASDAQ GLDI opened at $167.32 on Friday. The stock has a fifty day moving average price of $169.11 and a 200 day moving average price of $173.16. ETRACS Gold Shares Covered Call ETN has a 1-year low of $155.00 and a 1-year high of $183.61. The company has a market cap of $167.32 million, a PE ratio of 214.57 and a beta of 0.12.

ETRACS Gold Shares Covered Call ETN Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Wednesday, May 20th will be paid a $4.4271 dividend. This is a boost from ETRACS Gold Shares Covered Call ETN’s previous monthly dividend of $3.68. The ex-dividend date is Wednesday, May 20th. This represents a c) annualized dividend and a dividend yield of 31.8%. ETRACS Gold Shares Covered Call ETN’s dividend payout ratio (DPR) is 205.19%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. CoreCap Advisors LLC purchased a new position in ETRACS Gold Shares Covered Call ETN during the third quarter worth about $30,000. Winnow Wealth LLC purchased a new stake in ETRACS Gold Shares Covered Call ETN in the 3rd quarter valued at approximately $1,599,000. Finally, Claris Financial LLC purchased a new stake in ETRACS Gold Shares Covered Call ETN in the 4th quarter valued at approximately $1,169,000. 36.97% of the stock is currently owned by institutional investors and hedge funds.

ETRACS Gold Shares Covered Call ETN Company Profile

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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.

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