Credit Suisse X-Links Gold Shares Covered Call ETN (NASDAQ:GLDI) Sees Significant Decrease in Short Interest

Credit Suisse X-Links Gold Shares Covered Call ETN (NASDAQ:GLDI - Get Free Report) was the target of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 600 shares, a decrease of 62.5% from the March 15th total of 1,600 shares. Based on an average daily trading volume, of 2,900 shares, the days-to-cover ratio is currently 0.2 days.

Credit Suisse X-Links Gold Shares Covered Call ETN Stock Performance

GLDI traded up $0.29 during midday trading on Thursday, hitting $151.44. The stock had a trading volume of 2,567 shares, compared to its average volume of 2,840. The company has a market cap of $60.58 million, a P/E ratio of 194.21 and a beta of 0.10. The business has a fifty day moving average of $146.24 and a 200 day moving average of $142.73. Credit Suisse X-Links Gold Shares Covered Call ETN has a 1 year low of $131.47 and a 1 year high of $151.94.

Credit Suisse X-Links Gold Shares Covered Call ETN Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, April 25th. Stockholders of record on Monday, April 22nd will be paid a dividend of $1.627 per share. The ex-dividend date of this dividend is Friday, April 19th. This is a positive change from Credit Suisse X-Links Gold Shares Covered Call ETN's previous dividend of $0.60. Credit Suisse X-Links Gold Shares Covered Call ETN's dividend payout ratio is 205.19%.

Institutional Trading of Credit Suisse X-Links Gold Shares Covered Call ETN

A number of institutional investors have recently made changes to their positions in GLDI. Money Concepts Capital Corp purchased a new stake in shares of Credit Suisse X-Links Gold Shares Covered Call ETN during the fourth quarter valued at approximately $29,000. Principal Securities Inc. bought a new position in shares of Credit Suisse X-Links Gold Shares Covered Call ETN during the fourth quarter valued at approximately $60,000. Mackay Shields LLC bought a new position in shares of Credit Suisse X-Links Gold Shares Covered Call ETN during the first quarter valued at approximately $119,000. CreativeOne Wealth LLC bought a new position in shares of Credit Suisse X-Links Gold Shares Covered Call ETN during the third quarter valued at approximately $225,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of Credit Suisse X-Links Gold Shares Covered Call ETN during the first quarter valued at approximately $281,000. Hedge funds and other institutional investors own 36.97% of the company's stock.

Credit Suisse X-Links 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.

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