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

ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 2,714 shares, a growth of 322.7% from the July 30th total of 642 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 112,659 shares, the short-interest ratio is currently 0.0 days.

ETRACS Gold Shares Covered Call ETN Stock Down 0.4%

Shares of NASDAQ GLDI traded down $0.54 during trading on Wednesday, hitting $151.54. The company had a trading volume of 55,766 shares, compared to its average volume of 38,441. The stock has a fifty day simple moving average of $144.83 and a two-hundred day simple moving average of $160.23. 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 firm has a market capitalization of $151.54 million, a price-to-earnings ratio of 194.31 and a beta of 0.14.

ETRACS Gold Shares Covered Call ETN Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, August 25th. Investors of record on Thursday, August 20th were paid a $1.8496 dividend. The ex-dividend date of this dividend was Thursday, August 20th. This represents a c) dividend on an annualized basis and a yield of 14.6%. This is a boost 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 205.19%.

Hedge Funds Weigh In On ETRACS Gold Shares Covered Call ETN

An institutional investor 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) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 6,726 shares of the company’s stock, valued at approximately $1,169,000. Claris Financial LLC owned approximately 0.96% of ETRACS Gold Shares Covered Call ETN at the end of the most recent reporting period. 36.97% of the stock is currently owned by institutional investors and hedge funds.

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.