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

ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) saw a large decrease in short interest in October. As of October 30th, there was short interest totaling 456 shares, a decrease of 92.7% from the October 15th total of 6,273 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 58,980 shares, the days-to-cover ratio is currently 0.0 days.

ETRACS Gold Shares Covered Call ETN Stock Performance

Shares of NASDAQ GLDI traded down $2.27 during mid-day trading on Tuesday, reaching $137.10. The company had a trading volume of 41,480 shares, compared to its average volume of 54,291. The firm has a market cap of $137.10 million, a price-to-earnings ratio of 175.82 and a beta of 0.15. The business’s 50-day simple moving average is $141.97 and its 200 day simple moving average is $156.43. ETRACS Gold Shares Covered Call ETN has a one year low of $131.31 and a one year high of $183.61.

ETRACS Gold Shares Covered Call ETN Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Friday, November 20th will be paid a dividend of $2.6477 per share. The ex-dividend date is Friday, November 20th. This is a positive change from ETRACS Gold Shares Covered Call ETN’s previous monthly dividend of $1.9854. This represents a $31.77 dividend on an annualized basis and a yield of 23.2%. ETRACS Gold Shares Covered Call ETN’s dividend payout ratio is currently 205.19%.

Hedge Funds 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 position in ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) by 20.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,079 shares of the company’s stock after buying an additional 1,353 shares during the quarter. Claris Financial LLC owned 0.81% of ETRACS Gold Shares Covered Call ETN worth $1,341,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 36.97% of the company’s stock.

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