ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) Sees Large Decline in Short Interest

ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) was the recipient of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 4,072 shares, a drop of 49.9% from the May 31st total of 8,123 shares. Based on an average daily volume of 57,433 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.4% of the shares of the company are short sold.

ETRACS Gold Shares Covered Call ETN Stock Up 0.8%

NASDAQ:GLDI traded up $1.19 during midday trading on Wednesday, reaching $141.74. The stock had a trading volume of 54,308 shares, compared to its average volume of 26,839. The stock has a market cap of $141.74 million, a P/E ratio of 181.76 and a beta of 0.11. The firm has a fifty day simple moving average of $158.43 and a two-hundred day simple moving average of $169.32. 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 Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 22nd were issued a $5.5597 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This is a positive change from ETRACS Gold Shares Covered Call ETN’s previous monthly dividend of $4.43. This represents a c) annualized dividend and a dividend yield of 47.1%. ETRACS Gold Shares Covered Call ETN’s payout ratio is presently 205.19%.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in ETRACS Gold Shares Covered Call ETN stock. Claris Financial LLC purchased a new position in shares of ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,726 shares of the company’s stock, valued at approximately $1,169,000. Claris Financial LLC owned approximately 0.96% of ETRACS Gold Shares Covered Call ETN as of its most recent SEC filing. 36.97% of the stock is currently owned by institutional investors.

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.