ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) Shares Down 0.5% – Here’s What Happened

ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) shares traded down 0.5% during mid-day trading on Thursday . The stock traded as low as $177.73 and last traded at $178.50. 17,149 shares changed hands during mid-day trading, an increase of 44% from the average session volume of 11,881 shares. The stock had previously closed at $179.43.

ETRACS Gold Shares Covered Call ETN Trading Down 0.5%

The firm has a fifty day simple moving average of $175.75 and a 200-day simple moving average of $169.01. The stock has a market cap of $124.95 million, a price-to-earnings ratio of 228.91 and a beta of 0.06.

ETRACS Gold Shares Covered Call ETN Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, January 26th. Shareholders of record on Wednesday, January 21st were paid a $3.4671 dividend. The ex-dividend date of this dividend was Wednesday, January 21st. This is a boost from ETRACS Gold Shares Covered Call ETN’s previous monthly dividend of $3.24. This represents a c) dividend on an annualized basis and a yield of 23.3%. ETRACS Gold Shares Covered Call ETN’s payout ratio is 205.19%.

Hedge Funds Weigh In On ETRACS Gold Shares Covered Call ETN

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Winnow Wealth LLC acquired a new stake in shares of ETRACS Gold Shares Covered Call ETN in the 3rd quarter valued at approximately $1,599,000. CoreCap Advisors LLC bought a new stake in ETRACS Gold Shares Covered Call ETN in the third quarter valued at approximately $30,000. Finally, Claris Financial LLC acquired a new stake in ETRACS Gold Shares Covered Call ETN in the second quarter worth $642,000. Institutional investors 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.