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

ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) was the recipient of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 4,917 shares, a decrease of 51.8% from the April 15th total of 10,207 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 32,349 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On ETRACS Gold Shares Covered Call ETN

Several institutional investors have recently added to or reduced their stakes in the business. Winnow Wealth LLC purchased a new position in shares of ETRACS Gold Shares Covered Call ETN in the 3rd quarter valued at $1,599,000. Claris Financial LLC acquired a new stake in ETRACS Gold Shares Covered Call ETN during the 4th quarter worth $1,169,000. Finally, CoreCap Advisors LLC purchased a new stake in ETRACS Gold Shares Covered Call ETN in the third quarter valued at $30,000. Hedge funds and other institutional investors own 36.97% of the company’s stock.

ETRACS Gold Shares Covered Call ETN Price Performance

ETRACS Gold Shares Covered Call ETN stock opened at $167.32 on Friday. The stock has a market cap of $167.32 million, a PE ratio of 214.57 and a beta of 0.12. The stock’s fifty day moving average is $169.11 and its two-hundred day moving average is $173.16. ETRACS Gold Shares Covered Call ETN has a 1-year low of $155.00 and a 1-year high of $183.61.

ETRACS Gold Shares Covered Call ETN Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Wednesday, May 20th will be issued a $4.4271 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 31.8%. The ex-dividend date is Wednesday, May 20th. This is an increase from ETRACS Gold Shares Covered Call ETN’s previous monthly dividend of $3.68. ETRACS Gold Shares Covered Call ETN’s dividend payout ratio (DPR) 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.