ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) Plans Monthly Dividend of $1.75

Key Points

• The ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) announced a monthly dividend of $1.75 per share, increasing from the previous dividend of $1.34, marking a 30.1% rise.
• The dividend will be paid on September 25th to stockholders of record as of September 22nd, with an ex-dividend date also on September 22nd.
• GLDI's current stock price is approximately $167.03, with significant performance indicators such as a market cap of $116.92 million and a 52-week high of $168.88.

ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI - Get Free Report) announced a monthly dividend on Friday, January 1st. Investors of record on Monday, September 22nd will be given a dividend of 1.7487 per share on Thursday, September 25th. This represents a c) annualized dividend and a dividend yield of 12.5%. The ex-dividend date is Monday, September 22nd. This is a 30.1% increase from ETRACS Gold Shares Covered Call ETN's previous monthly dividend of $1.34.

ETRACS Gold Shares Covered Call ETN Stock Up 0.2%

GLDI stock traded up $0.36 during mid-day trading on Tuesday, reaching $167.46. The company had a trading volume of 15,661 shares, compared to its average volume of 8,024. The stock has a market capitalization of $117.22 million, a P/E ratio of 214.00 and a beta of 0.10. ETRACS Gold Shares Covered Call ETN has a one year low of $150.02 and a one year high of $168.88. The stock's 50-day simple moving average is $161.82 and its two-hundred day simple moving average is $161.54.

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 position in shares of ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI - Free Report) by 151.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 approximately 0.55% of ETRACS Gold Shares Covered Call ETN worth $618,000 at the end of the most recent quarter. 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.