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

by · The Cerbat Gem

ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI – Get Free Report) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 14,700 shares, an increase of 441.6% from the August 15th total of 2,714 shares. Based on an average daily volume of 77,258 shares, the short-interest ratio is presently 0.2 days. Approximately 1.5% of the shares of the company are sold short.

Hedge Funds Weigh In On ETRACS Gold Shares Covered Call ETN

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 SEC filing. 36.97% of the stock is owned by institutional investors and hedge funds.

ETRACS Gold Shares Covered Call ETN Stock Up 0.3%

Shares of NASDAQ:GLDI traded up $0.40 on Friday, reaching $147.60. 62,510 shares of the company’s stock were exchanged, compared to its average volume of 42,914. The business’s 50-day moving average is $146.09 and its two-hundred day moving average is $157.63. 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 $147.60 million, a price-to-earnings ratio of 189.29 and a beta of 0.15.

ETRACS Gold Shares Covered Call ETN Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 22nd will be given a dividend of $2.4852 per share. The ex-dividend date of this dividend is Tuesday, September 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 20.2%. This is a boost from ETRACS Gold Shares Covered Call ETN’s previous monthly dividend of $1.85. ETRACS Gold Shares Covered Call ETN’s payout ratio is currently 205.19%.

ETRACS Gold Shares Covered Call ETN Company Profile

(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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