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ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) Short Interest Update

ETRACS Gold Shares Covered Call ETN logo with Finance background

Key Points

  • ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) experienced a 141.1% increase in short interest in August, rising to 25,800 shares as of August 15th.
  • The firm recently cut its dividend, now offering $1.3444 per share with an annualized yield of 9.8% and a high dividend payout ratio of 205.19%.
  • Institutional investors now own 36.97% of ETRACS Gold Shares Covered Call ETN, with Claris Financial LLC acquiring a new position valued at approximately $642,000 during the 2nd quarter.
  • Five stocks we like better than ETRACS Gold Shares Covered Call ETN.

ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI - Get Free Report) was the target of a significant increase in short interest during the month of August. As of August 15th, there was short interest totaling 25,800 shares, anincreaseof141.1% from the July 31st total of 10,700 shares. Based on an average trading volume of 8,700 shares, the days-to-cover ratio is currently 3.0 days. Based on an average trading volume of 8,700 shares, the days-to-cover ratio is currently 3.0 days.

Institutional Trading of ETRACS Gold Shares Covered Call ETN

A hedge fund recently bought a new stake in ETRACS Gold Shares Covered Call ETN stock. Claris Financial LLC purchased a new position in shares of ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 4,031 shares of the company's stock, valued at approximately $642,000. Claris Financial LLC owned 0.58% of ETRACS Gold Shares Covered Call ETN as of its most recent filing with the Securities & Exchange Commission. 36.97% of the stock is currently owned by hedge funds and other institutional investors.

ETRACS Gold Shares Covered Call ETN Stock Up 0.1%

Shares of NASDAQ:GLDI traded up $0.11 during midday trading on Monday, reaching $165.71. The company had a trading volume of 11,122 shares, compared to its average volume of 7,837. The business's 50 day moving average price is $160.55 and its 200 day moving average price is $160.78. The stock has a market cap of $116.00 million, a PE ratio of 212.51 and a beta of 0.10. ETRACS Gold Shares Covered Call ETN has a 1-year low of $150.02 and a 1-year high of $166.79.

ETRACS Gold Shares Covered Call ETN Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, August 26th. Investors of record on Wednesday, August 20th were given a $1.3444 dividend. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a c) dividend on an annualized basis and a dividend yield of 9.7%. ETRACS Gold Shares Covered Call ETN's payout ratio is currently 205.19%.

About ETRACS Gold Shares Covered Call ETN

(Get Free Report)

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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