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

ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) was the recipient 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 trading volume of 77,258 shares, the days-to-cover ratio is currently 0.2 days. Approximately 1.5% of the shares of the stock are short sold.

Institutional Inflows and Outflows

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) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 36.97% of the company’s stock.

ETRACS Gold Shares Covered Call ETN Stock Performance

Shares of NASDAQ GLDI traded up $0.80 during trading on Friday, reaching $148.00. The company had a trading volume of 19,541 shares, compared to its average volume of 42,664. ETRACS Gold Shares Covered Call ETN has a 52 week low of $138.40 and a 52 week high of $183.61. The stock has a market cap of $148.00 million, a PE ratio of 189.67 and a beta of 0.15. The business’s 50 day moving average price is $146.02 and its 200-day moving average price is $157.70.

ETRACS Gold Shares Covered Call ETN Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 22nd will be issued a $2.4852 dividend. This is an increase from ETRACS Gold Shares Covered Call ETN’s previous monthly dividend of $1.85. This represents a c) dividend on an annualized basis and a dividend yield of 20.2%. The ex-dividend date of this dividend is Tuesday, September 22nd. ETRACS Gold Shares Covered Call ETN’s dividend payout ratio (DPR) is 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.