ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) Trading 0% Higher - Should You Buy?

Key Points

• The share price of ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) traded up 0% during mid-day trading, reaching a last price of $160.04 with an increased trading volume of 14,340 shares, which is 87% higher than its average volume.
• ETRACS Gold Shares Covered Call ETN announced a dividend of $1.3444 per share, which is scheduled to be paid on August 26th, with a payout ratio of 205.19%.
• Institutional investors own 36.97% of ETRACS Gold Shares Covered Call ETN, with Jaffetilchin Investment Partners LLC increasing its holdings by 151.2% during the first quarter.

ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI - Get Free Report) shares were up 0% during mid-day trading on Monday . The stock traded as high as $160.39 and last traded at $160.04. Approximately 14,340 shares traded hands during trading, an increase of 87% from the average daily volume of 7,682 shares. The stock had previously closed at $159.97.

ETRACS Gold Shares Covered Call ETN Stock Up 0.4%

The firm's 50 day simple moving average is $160.03 and its 200-day simple moving average is $160.53. The company has a market capitalization of $113.09 million, a PE ratio of 207.17 and a beta of 0.10.

ETRACS Gold Shares Covered Call ETN Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Wednesday, August 20th were paid a dividend of $1.3444 per share. This represents a c) annualized dividend and a yield of 10.0%. The ex-dividend date was Wednesday, August 20th. 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 lifted 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 and Exchange Commission. The institutional investor owned 3,821 shares of the company's stock after purchasing 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. Institutional investors own 36.97% of the company's stock.

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.