OLD Mission Capital LLC Sells 2,931 Shares of ETRACS Gold Shares Covered Call ETN $GLDI

Key Points

• OLD Mission Capital LLC reduced its stake in ETRACS Gold Shares Covered Call ETN by 33.0%, selling 2,931 shares to hold a total of 5,946 shares worth approximately $962,000.
• In contrast, Jaffetilchin Investment Partners LLC increased its position in the same ETN by 151.2%, now owning 3,821 shares valued at $618,000.
• The ETRACS Gold Shares Covered Call ETN declared a monthly dividend of $1.3444 per share, resulting in an annualized yield of 9.9%, despite a high dividend payout ratio of 205.19%.

OLD Mission Capital LLC trimmed its holdings in shares of ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI - Free Report) by 33.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,946 shares of the company's stock after selling 2,931 shares during the quarter. OLD Mission Capital LLC owned 0.85% of ETRACS Gold Shares Covered Call ETN worth $962,000 at the end of the most recent quarter.

Separately, Jaffetilchin Investment Partners LLC raised its position in shares of ETRACS Gold Shares Covered Call ETN by 151.2% during the first quarter. Jaffetilchin Investment Partners LLC now owns 3,821 shares of the company's stock worth $618,000 after acquiring an additional 2,300 shares during the last quarter. 36.97% of the stock is owned by institutional investors and hedge funds.

ETRACS Gold Shares Covered Call ETN Stock Performance

Shares of GLDI traded up $0.24 during mid-day trading on Friday, reaching $165.60. 15,367 shares of the company were exchanged, compared to its average volume of 7,818. ETRACS Gold Shares Covered Call ETN has a 52 week low of $150.02 and a 52 week high of $166.79. The stock has a market capitalization of $115.92 million, a PE ratio of 212.37 and a beta of 0.10. The business has a 50 day simple moving average of $160.55 and a two-hundred day simple moving average of $160.76.

ETRACS Gold Shares Covered Call ETN Cuts Dividend

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

ETRACS Gold Shares Covered Call ETN 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.