ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) Shares Up 1.3% - Should You Buy?

Key Points

• ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) saw a share price increase of 1.3% during mid-day trading, with a last traded price of $171.42.
• The company has declared a monthly dividend of $1.7104 per share, with an annualized yield of 12.0%, though the payout ratio is quite high at 205.19%.
• Institutional investment in ETRACS Gold Shares increased significantly, with Jaffetilchin Investment Partners raising its position by 151.2%, indicating growing interest from investors.

ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI - )'s share price shot up 1.3% during mid-day trading on Monday . The company traded as high as $171.85 and last traded at $171.42. 6,258 shares traded hands during trading, a decline of 24% from the average session volume of 8,272 shares. The stock had previously closed at $169.20.

ETRACS Gold Shares Covered Call ETN Trading Up 1.3%

The company has a fifty day simple moving average of $164.58 and a 200-day simple moving average of $162.46. The stock has a market cap of $119.99 million, a price-to-earnings ratio of 219.83 and a beta of 0.10.

ETRACS Gold Shares Covered Call ETN Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, October 27th. Stockholders of record on Wednesday, October 22nd will be issued a dividend of $1.7104 per share. The ex-dividend date is Wednesday, October 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 12.0%. ETRACS Gold Shares Covered Call ETN's payout ratio is currently 205.19%.

Institutional Investors Weigh In On ETRACS Gold Shares Covered Call ETN

An institutional investor recently raised its position in ETRACS Gold Shares Covered Call ETN stock. Jaffetilchin Investment Partners LLC increased its position in shares of ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI - Free Report) by 151.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,821 shares of the company's stock after acquiring an additional 2,300 shares during the quarter. 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 currently owned by institutional investors and hedge funds.

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.

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