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

ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 6,181 shares, a growth of 92.4% from the June 30th total of 3,213 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily volume of 52,159 shares, the short-interest ratio is currently 0.1 days.

ETRACS Gold Shares Covered Call ETN Price Performance

NASDAQ GLDI traded down $1.01 during trading on Friday, hitting $141.18. 41,698 shares of the company’s stock traded hands, compared to its average volume of 31,326. The stock has a fifty day moving average of $148.02 and a two-hundred day moving average of $164.14. ETRACS Gold Shares Covered Call ETN has a 12-month low of $138.40 and a 12-month high of $183.61. The firm has a market cap of $141.18 million, a P/E ratio of 181.05 and a beta of 0.14.

ETRACS Gold Shares Covered Call ETN Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, July 27th. Stockholders of record on Wednesday, July 22nd were paid a $1.5878 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 13.5%. The ex-dividend date of this dividend was Wednesday, July 22nd. ETRACS Gold Shares Covered Call ETN’s payout ratio is 205.19%.

Institutional Investors Weigh In On ETRACS Gold Shares Covered Call ETN

An institutional investor recently raised its position in ETRACS Gold Shares Covered Call ETN stock. Claris Financial LLC boosted its stake in ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) by 20.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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. Institutional investors and hedge funds own 36.97% of the company’s stock.

About ETRACS Gold Shares Covered Call ETN

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.