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

Key Points

• ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) experienced a significant drop in short interest by 46.8% in July, with current short interest totaling 10,700 shares.
• The stock price of GLDI decreased by 0.2% to $159.73, with a market cap of $111.81 million and a PE ratio of 204.84.
• The company announced a dividend of $1.3444 per share, scheduled to be paid on August 26th, with a high dividend payout ratio of 205.19%.

ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI - Get Free Report) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 10,700 shares, adeclineof46.8% from the July 15th total of 20,100 shares. Based on an average trading volume of 9,000 shares, the short-interest ratio is presently 1.2 days. Approximately1.5% of the shares of the company are short sold. Approximately1.5% of the shares of the company are short sold. Based on an average trading volume of 9,000 shares, the short-interest ratio is presently 1.2 days.

Institutional Investors Weigh In On ETRACS Gold Shares Covered Call ETN

A hedge fund recently raised its stake in ETRACS Gold Shares Covered Call ETN stock. Jaffetilchin Investment Partners LLC boosted its position in ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI - Free Report) by 151.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 3,821 shares of the company's stock after acquiring an additional 2,300 shares during the period. Jaffetilchin Investment Partners LLC owned 0.55% of ETRACS Gold Shares Covered Call ETN worth $618,000 as of its most recent SEC filing. 36.97% of the stock is owned by institutional investors.

ETRACS Gold Shares Covered Call ETN Stock Up 0.8%

ETRACS Gold Shares Covered Call ETN stock traded up $1.32 during midday trading on Friday, reaching $159.97. The stock had a trading volume of 11,015 shares, compared to its average volume of 7,641. ETRACS Gold Shares Covered Call ETN has a 12 month low of $150.02 and a 12 month high of $166.79. The firm's 50-day moving average price is $160.23 and its 200 day moving average price is $160.49. The firm has a market capitalization of $111.98 million, a PE ratio of 205.15 and a beta of 0.10.

ETRACS Gold Shares Covered Call ETN Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, August 26th. Investors of record on Wednesday, August 20th will be paid a $1.3444 dividend. The ex-dividend date is Wednesday, August 20th. ETRACS Gold Shares Covered Call ETN's payout ratio is currently 205.19%.

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.