ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) Short Interest Up 252.6% in July

Key Points

• The short interest for ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) surged by 252.6% in July, reaching a total of 20,100 shares by July 15th.
• ETRACS Gold Shares recently announced a monthly dividend of $2.8792, which boasts an annualized yield of 21.7%, reflecting a slight increase from the previous month's dividend.
• Institutional ownership of ETRACS Gold Shares includes a recent 5.2% increase in stake by Jaffetilchin Investment Partners, now holding 36.97% of the stock.

ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI - Get Free Report) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 20,100 shares, agrowthof252.6% from the June 30th total of 5,700 shares. Based on an average daily volume of 8,700 shares, the short-interest ratio is currently 2.3 days. Based on an average daily volume of 8,700 shares, the short-interest ratio is currently 2.3 days.

ETRACS Gold Shares Covered Call ETN Trading Up 0.2%

Shares of NASDAQ:GLDI traded up $0.36 on Thursday, reaching $160.85. 1,171 shares of the company were exchanged, compared to its average volume of 7,442. The company has a 50-day moving average of $160.70 and a 200-day moving average of $160.29. The firm has a market cap of $112.60 million, a price-to-earnings ratio of 206.28 and a beta of 0.10. ETRACS Gold Shares Covered Call ETN has a 1-year low of $149.04 and a 1-year high of $166.79.

ETRACS Gold Shares Covered Call ETN Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, July 25th. Shareholders of record on Tuesday, July 22nd were given a dividend of $2.8792 per share. The ex-dividend date was Tuesday, July 22nd. This is an increase from ETRACS Gold Shares Covered Call ETN's previous monthly dividend of $2.87. This represents a c) annualized dividend and a yield of 21.5%. ETRACS Gold Shares Covered Call ETN's dividend payout ratio (DPR) is currently 205.19%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ETRACS Gold Shares Covered Call ETN stock. Jaffetilchin Investment Partners LLC increased its holdings in ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI - Free Report) by 151.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,821 shares of the company's stock after buying an additional 2,300 shares during the period. Jaffetilchin Investment Partners LLC owned about 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 and hedge funds.

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.