ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI – Get Free Report) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 6,273 shares, a growth of 367.1% from the September 30th total of 1,343 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily volume of 122,864 shares, the days-to-cover ratio is currently 0.1 days.
ETRACS Gold Shares Covered Call ETN Stock Performance
ETRACS Gold Shares Covered Call ETN stock traded down $0.92 during mid-day trading on Thursday, hitting $136.06. 40,706 shares of the company traded hands, compared to its average volume of 54,537. ETRACS Gold Shares Covered Call ETN has a one year low of $134.28 and a one year high of $183.61. The stock has a market cap of $136.06 million, a price-to-earnings ratio of 174.42 and a beta of 0.15. The stock has a fifty day moving average price of $144.43 and a 200-day moving average price of $158.16.
ETRACS Gold Shares Covered Call ETN Cuts Dividend
The business also recently disclosed a monthly dividend, which was paid on Monday, October 26th. Stockholders of record on Wednesday, October 21st were issued a dividend of $1.9854 per share. The ex-dividend date of this dividend was Wednesday, October 21st. This represents a $23.82 dividend on an annualized basis and a dividend yield of 17.5%. This is a decrease from ETRACS Gold Shares Covered Call ETN’s previous monthly dividend of $2.4852. ETRACS Gold Shares Covered Call ETN’s payout ratio is presently 205.19%.
Institutional Inflows and Outflows
An institutional investor recently raised its stake in ETRACS Gold Shares Covered Call ETN stock. Claris Financial LLC grew its position in shares of ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI – Free Report) by 20.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,079 shares of the company’s stock after purchasing an additional 1,353 shares during the period. Claris Financial LLC owned about 0.81% of ETRACS Gold Shares Covered Call ETN worth $1,341,000 at the end of the most recent reporting period. 36.97% of the stock is 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.
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