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

ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) was the recipient of a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 456 shares, a decline of 92.7% from the October 15th total of 6,273 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 58,980 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On ETRACS Gold Shares Covered Call ETN

A hedge fund recently raised its position in ETRACS Gold Shares Covered Call ETN stock. Claris Financial LLC grew its stake in ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) by 20.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,079 shares of the company’s stock after buying an additional 1,353 shares during the period. Claris Financial LLC owned approximately 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 institutional investors and hedge funds.

ETRACS Gold Shares Covered Call ETN Stock Down 2.5%

GLDI stock traded down $3.32 during trading hours on Thursday, hitting $132.05. The company’s stock had a trading volume of 44,279 shares, compared to its average volume of 54,102. The company has a market capitalization of $132.05 million, a PE ratio of 169.34 and a beta of 0.15. ETRACS Gold Shares Covered Call ETN has a 12 month low of $131.31 and a 12 month high of $183.61. The stock has a 50 day moving average price of $141.17 and a two-hundred day moving average price of $155.76.

ETRACS Gold Shares Covered Call ETN Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, November 25th. Investors of record on Friday, November 20th will be paid a $2.6477 dividend. This represents a $31.77 annualized dividend and a dividend yield of 24.1%. The ex-dividend date of this dividend is Friday, November 20th. This is a boost from ETRACS Gold Shares Covered Call ETN’s previous monthly dividend of $1.9854. ETRACS Gold Shares Covered Call ETN’s dividend payout ratio (DPR) is presently 205.19%.

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. they also have concessions in john lewis stores nationwide and in david jones, australia. in 2011 hotel chocolat opened a boutique hotel in the grounds of rabot estate on saint lucia, which is also home to boucan restaurant and its pioneering menu of ‘cacao cuisine’. in 2013 hotel chocolat opened two cocoa cuisine restaurants inspired by boucan – rabot 1745 in london’s borough market and roast+conch in leeds. both restaurants reconnect the world of cocoa growing with the luxury of eating it. rec