ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) Short Interest Update

ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) was the target of a large 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. Currently, 1.5% of the company’s stock are short sold.

ETRACS Gold Shares Covered Call ETN Stock Up 0.3%

Shares of ETRACS Gold Shares Covered Call ETN stock traded up $0.40 on Friday, reaching $147.60. The company’s stock had a trading volume of 62,510 shares, compared to its average volume of 42,914. ETRACS Gold Shares Covered Call ETN has a 52 week low of $138.40 and a 52 week high of $183.61. The firm’s fifty day simple moving average is $146.09 and its two-hundred day simple moving average is $157.63. The company 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. This represents a c) annualized dividend 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. The ex-dividend date of this dividend is Tuesday, September 22nd. ETRACS Gold Shares Covered Call ETN’s payout ratio is 205.19%.

Hedge Funds 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 grew its stake in shares of ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) by 20.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,079 shares of the company’s stock after acquiring 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 owned by hedge funds and other 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.