ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) Short Interest Up 322.7% in August

ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 2,714 shares, a growth of 322.7% from the July 30th total of 642 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 112,659 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

A hedge fund recently raised its position in ETRACS Gold Shares Covered Call ETN stock. Claris Financial LLC increased its stake in ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) by 20.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent quarter. 36.97% of the stock is currently owned by institutional investors and hedge funds.

ETRACS Gold Shares Covered Call ETN Stock Performance

Shares of NASDAQ:GLDI traded up $0.33 during trading hours on Thursday, hitting $151.82. The stock had a trading volume of 73,509 shares, compared to its average volume of 38,845. The stock’s fifty day simple moving average is $144.80 and its 200 day simple moving average is $159.85. The firm has a market capitalization of $151.82 million, a price-to-earnings ratio of 194.70 and a beta of 0.14. ETRACS Gold Shares Covered Call ETN has a 1-year low of $138.40 and a 1-year high of $183.61.

ETRACS Gold Shares Covered Call ETN Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Thursday, August 20th were paid a dividend of $1.8496 per share. This represents a c) annualized dividend and a yield of 14.6%. The ex-dividend date of this dividend was Thursday, August 20th. This is an increase from ETRACS Gold Shares Covered Call ETN’s previous monthly dividend of $1.59. ETRACS Gold Shares Covered Call ETN’s dividend payout ratio (DPR) is presently 205.19%.

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.