ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) Stock Short Interest Drops 89.3%

Key Points

• Short interest plunged 89.3% to 1,343 shares as of September 30, representing just 0.1% of GLDI’s outstanding shares and a short-interest ratio of 0.0 days.
• Claris Financial LLC acquired 6,726 shares valued at approximately $1.17 million, while institutional investors collectively own 36.97% of the ETN.
• GLDI declared a monthly dividend of $1.9854, or $23.82 annualized, for a 16.8% yield—down from the previous $2.4852 monthly payout.

ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI - ) saw a large drop in short interest in September. As of September 30th, there was short interest totaling 1,343 shares, a drop of 89.3% from the September 15th total of 12,519 shares. Based on an average daily volume of 154,196 shares, the short-interest ratio is presently 0.0 days. Currently, 0.1% of the company's stock are sold short.

Institutional Investors Weigh In On ETRACS Gold Shares Covered Call ETN

A hedge fund recently bought a new position in ETRACS Gold Shares Covered Call ETN stock. Claris Financial LLC bought a new position in ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 6,726 shares of the company's stock, valued at approximately $1,169,000. Claris Financial LLC owned about 0.96% of ETRACS Gold Shares Covered Call ETN at the end of the most recent reporting period. Hedge funds and other institutional investors own 36.97% of the company's stock.

ETRACS Gold Shares Covered Call ETN Trading Up 1.3%

NASDAQ GLDI opened at $141.55 on Friday. The company has a market cap of $141.55 million, a P/E ratio of 181.53 and a beta of 0.15. The company has a fifty day simple moving average of $146.63 and a 200 day simple moving average of $152.71. ETRACS Gold Shares Covered Call ETN has a 12-month low of $138.40 and a 12-month high of $183.61.

ETRACS Gold Shares Covered Call ETN Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, October 26th. Shareholders of record on Wednesday, October 21st will be paid a $1.9854 dividend. This represents a $23.82 dividend on an annualized basis and a dividend yield of 16.8%. This is a negative change from ETRACS Gold Shares Covered Call ETN's previous monthly dividend of $2.4852. The ex-dividend date of this dividend is Wednesday, October 21st. ETRACS Gold Shares Covered Call ETN's payout ratio is 205.19%.

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. they also have concessions in john lewis stores nationwide and in david jones, australia.

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