ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) Stock Short Interest Drops 89.3%

ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) saw a large drop in short interest in September. As of September 30th, there was short interest totaling 1,343 shares, a drop of 89.3% from the September 15th total of 12,519 shares. Based on an average daily volume of 154,196 shares, the short-interest ratio is presently 0.0 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Investors 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 position in ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 6,726 shares of the company’s stock, valued at approximately $1,169,000. Claris Financial LLC owned about 0.96% of ETRACS Gold Shares Covered Call ETN at the end of the most recent reporting period. Hedge funds and other institutional investors own 36.97% of the company’s stock.

ETRACS Gold Shares Covered Call ETN Trading Up 1.3%

NASDAQ GLDI opened at $141.55 on Friday. The company has a market cap of $141.55 million, a P/E ratio of 181.53 and a beta of 0.15. The company has a fifty day simple moving average of $146.63 and a 200 day simple moving average of $152.71. ETRACS Gold Shares Covered Call ETN has a 12-month low of $138.40 and a 12-month high of $183.61.

ETRACS Gold Shares Covered Call ETN Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, October 26th. Shareholders of record on Wednesday, October 21st will be paid a $1.9854 dividend. This represents a $23.82 dividend on an annualized basis and a dividend yield of 16.8%. This is a negative change from ETRACS Gold Shares Covered Call ETN’s previous monthly dividend of $2.4852. The ex-dividend date of this dividend is Wednesday, October 21st. ETRACS Gold Shares Covered Call ETN’s payout ratio is 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.