ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) Sees Significant Growth in Short Interest

ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI - Get Free Report) saw a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 6,700 shares, a growth of 26.4% from the May 15th total of 5,300 shares. Currently, 3.0% of the company's stock are sold short. Based on an average daily volume of 8,800 shares, the short-interest ratio is presently 0.8 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in ETRACS Gold Shares Covered Call ETN stock. OLD Mission Capital LLC grew its position in ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI - Free Report) by 105.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,877 shares of the company's stock after purchasing an additional 4,563 shares during the quarter. OLD Mission Capital LLC owned about 2.22% of ETRACS Gold Shares Covered Call ETN worth $1,363,000 at the end of the most recent reporting period. 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 traded down $2.38 during trading hours on Friday, reaching $160.62. The stock had a trading volume of 10,635 shares, compared to its average volume of 4,380. The company has a market cap of $112.43 million, a price-to-earnings ratio of 205.98 and a beta of 0.10. The business's 50 day moving average price is $162.15 and its 200-day moving average price is $159.10. ETRACS Gold Shares Covered Call ETN has a 52 week low of $145.80 and a 52 week high of $166.79.

ETRACS Gold Shares Covered Call ETN Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Friday, June 20th will be given a $2.8878 dividend. The ex-dividend date of this dividend is Friday, June 20th. This represents a $34.65 dividend on an annualized basis and a dividend yield of 21.57%. This is an increase from ETRACS Gold Shares Covered Call ETN's previous monthly dividend of $2.87. ETRACS Gold Shares Covered Call ETN's payout ratio is presently 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.