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

ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI – Get Free Report) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 2,714 shares, an increase of 322.7% from the July 30th total of 642 shares. Based on an average daily volume of 112,659 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.3% of the company’s shares are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in ETRACS Gold Shares Covered Call ETN stock. Claris Financial LLC bought a new stake in ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 6,726 shares of the company’s stock, valued at approximately $1,169,000. Claris Financial LLC owned 0.96% of ETRACS Gold Shares Covered Call ETN as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 36.97% of the company’s stock.

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ETRACS Gold Shares Covered Call ETN Stock Down 1.3%

Shares of GLDI stock traded down $2.01 during mid-day trading on Friday, hitting $149.81. 63,765 shares of the company’s stock were exchanged, compared to its average volume of 38,950. The stock has a 50-day simple moving average of $144.80 and a two-hundred day simple moving average of $159.85. ETRACS Gold Shares Covered Call ETN has a fifty-two week low of $138.40 and a fifty-two week high of $183.61. The stock has a market cap of $149.81 million, a price-to-earnings ratio of 192.12 and a beta of 0.14.

ETRACS Gold Shares Covered Call ETN Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Thursday, August 20th were paid a dividend of $1.8496 per share. The ex-dividend date of this dividend was Thursday, August 20th. This represents a c) dividend on an annualized basis and a dividend yield of 14.8%. This is an increase from ETRACS Gold Shares Covered Call ETN’s previous monthly dividend of $1.59. ETRACS Gold Shares Covered Call ETN’s dividend payout ratio is currently 205.19%.

About ETRACS Gold Shares Covered Call ETN

(Get Free Report)

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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