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 significant 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. Approximately 1.5% of the shares of the company are sold short.

Hedge Funds Weigh In On ETRACS Gold Shares Covered Call ETN

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 fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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 SEC filing. 36.97% of the stock is owned by institutional investors and hedge funds.

ETRACS Gold Shares Covered Call ETN Stock Up 0.3%

Shares of NASDAQ:GLDI traded up $0.40 on Friday, reaching $147.60. 62,510 shares of the company’s stock were exchanged, compared to its average volume of 42,914. The business’s 50-day moving average is $146.09 and its two-hundred day moving average is $157.63. ETRACS Gold Shares Covered Call ETN has a fifty-two week low of $138.40 and a fifty-two week high of $183.61. The firm 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. The ex-dividend date of this dividend is Tuesday, September 22nd. This represents a c) dividend on an annualized basis 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. ETRACS Gold Shares Covered Call ETN’s payout ratio is currently 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.