ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) Shares Down 0.1% – Time to Sell?

ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI)’s share price traded down 0.1% on Friday . The stock traded as low as $171.95 and last traded at $171.21. 4,762 shares traded hands during trading, a decline of 47% from the average session volume of 9,002 shares. The stock had previously closed at $171.40.

ETRACS Gold Shares Covered Call ETN Stock Down 0.1%

The business has a 50-day moving average price of $169.79 and a 200-day moving average price of $164.26. The firm has a market capitalization of $119.85 million, a PE ratio of 219.56 and a beta of 0.06.

ETRACS Gold Shares Covered Call ETN Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, November 25th. Shareholders of record on Thursday, November 20th were issued a $3.0899 dividend. This represents a c) annualized dividend and a yield of 21.7%. The ex-dividend date was Thursday, November 20th. This is an increase from ETRACS Gold Shares Covered Call ETN’s previous monthly dividend of $1.71. ETRACS Gold Shares Covered Call ETN’s dividend payout ratio (DPR) is currently 205.19%.

Institutional Trading of ETRACS Gold Shares Covered Call ETN

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. CoreCap Advisors LLC purchased a new stake in shares of ETRACS Gold Shares Covered Call ETN during the 3rd quarter valued at approximately $30,000. Claris Financial LLC acquired a new stake in ETRACS Gold Shares Covered Call ETN during the second quarter worth $642,000. Finally, Winnow Wealth LLC acquired a new stake in shares of ETRACS Gold Shares Covered Call ETN during the 3rd quarter worth about $1,599,000. Institutional investors and hedge funds own 36.97% of the company’s stock.

ETRACS Gold Shares Covered Call ETN Company Profile

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.