ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) Trading 1.8% Higher - Time to Buy?

ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI - Get Free Report)'s stock price rose 1.8% during mid-day trading on Monday . The stock traded as high as $162.92 and last traded at $162.60. Approximately 9,253 shares changed hands during trading, an increase of 105% from the average daily volume of 4,507 shares. The stock had previously closed at $159.69.

ETRACS Gold Shares Covered Call ETN Price Performance

The firm has a market cap of $113.99 million, a PE ratio of 208.83 and a beta of 0.10. The business has a 50-day simple moving average of $161.91 and a 200 day simple moving average of $158.35.

ETRACS Gold Shares Covered Call ETN Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Wednesday, May 21st were issued a dividend of $3.8575 per share. The ex-dividend date was Wednesday, May 21st. This represents a $46.29 annualized dividend and a yield of 28.43%. 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 currently 205.19%.

Institutional Trading of ETRACS Gold Shares Covered Call ETN

A hedge fund recently raised its stake in ETRACS Gold Shares Covered Call ETN stock. Jaffetilchin Investment Partners LLC grew 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 Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,821 shares of the company's stock after acquiring 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 filing with the Securities & Exchange Commission. 36.97% of the stock is currently owned by institutional investors.

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.