ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) Stock Short Interest Falls 89.3%

ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 1,343 shares, a decline of 89.3% from the September 15th total of 12,519 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 154,196 shares, the days-to-cover ratio is currently 0.0 days.

ETRACS Gold Shares Covered Call ETN Trading Up 1.3%

Shares of NASDAQ GLDI traded up $1.78 during midday trading on Friday, hitting $141.55. The company’s stock had a trading volume of 97,419 shares, compared to its average volume of 52,803. The business’s 50 day moving average is $146.63 and its two-hundred day moving average is $152.69. The firm has a market cap of $141.55 million, a P/E ratio of 181.53 and a beta of 0.15. ETRACS Gold Shares Covered Call ETN has a 12-month low of $138.40 and a 12-month high of $183.61.

ETRACS Gold Shares Covered Call ETN Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, October 26th. Stockholders of record on Wednesday, October 21st will be given a dividend of $1.9854 per share. This represents a $23.82 dividend on an annualized basis and a dividend yield of 16.8%. The ex-dividend date of this dividend is Wednesday, October 21st. This is a negative change from ETRACS Gold Shares Covered Call ETN’s previous monthly dividend of $2.4852. ETRACS Gold Shares Covered Call ETN’s dividend payout ratio is currently 205.19%.

Hedge Funds Weigh In On ETRACS Gold Shares Covered Call ETN

A hedge fund recently raised its position in ETRACS Gold Shares Covered Call ETN stock. Claris Financial LLC lifted its holdings in ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) by 20.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,079 shares of the company’s stock after purchasing an additional 1,353 shares during the quarter. Claris Financial LLC owned about 0.81% of ETRACS Gold Shares Covered Call ETN worth $1,341,000 as of its most recent SEC filing. 36.97% of the stock is currently owned by institutional investors.

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.