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

ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDIGet Free Report) saw a large decrease in short interest in 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. Currently, 0.5% of the shares of the company are short sold. Based on an average trading volume of 32,349 shares, the days-to-cover ratio is presently 0.2 days.

ETRACS Gold Shares Covered Call ETN Trading Down 1.2%

ETRACS Gold Shares Covered Call ETN stock traded down $1.99 during midday trading on Friday, hitting $165.33. The stock had a trading volume of 46,704 shares, compared to its average volume of 18,429. The firm’s fifty day moving average is $168.82 and its two-hundred day moving average is $173.11. The company has a market capitalization of $165.33 million, a PE ratio of 212.02 and a beta of 0.12. ETRACS Gold Shares Covered Call ETN has a 52-week low of $155.00 and a 52-week high of $183.61.

ETRACS Gold Shares Covered Call ETN Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Wednesday, May 20th will be issued a dividend of $4.4271 per share. This is an increase from ETRACS Gold Shares Covered Call ETN’s previous monthly dividend of $3.68. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a c) dividend on an annualized basis and a yield of 32.1%. ETRACS Gold Shares Covered Call ETN’s payout ratio is 205.19%.

Institutional Investors Weigh In On ETRACS Gold Shares Covered Call ETN

A number of institutional investors have recently added to or reduced their stakes in GLDI. CoreCap Advisors LLC purchased a new stake in ETRACS Gold Shares Covered Call ETN during the 3rd quarter valued at approximately $30,000. Winnow Wealth LLC purchased a new stake in ETRACS Gold Shares Covered Call ETN during the 3rd quarter valued at approximately $1,599,000. Finally, Claris Financial LLC purchased a new stake in ETRACS Gold Shares Covered Call ETN during the 4th quarter valued at approximately $1,169,000. 36.97% of the stock is owned by hedge funds and other institutional investors.

About ETRACS Gold Shares Covered Call ETN

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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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