Short Interest in ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) Increases By 322.7%

Key Points

• Short interest surged 322.7% to 2,714 shares as of August 14, up from 642 shares on July 30, though only about 0.3% of GLDI’s shares are short.
• GLDI traded down 0.4% to $151.54, with a market capitalization of approximately $151.5 million and a 12-month trading range of $138.40 to $183.61.
• The ETN increased its monthly dividend to $1.8496 per share, implying a 14.6% annualized yield; institutional investors and hedge funds own 36.97% of the stock.

ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI - ) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 2,714 shares, an increase of 322.7% from the July 30th total of 642 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 112,659 shares, the days-to-cover ratio is currently 0.0 days.

ETRACS Gold Shares Covered Call ETN Trading Down 0.4%

ETRACS Gold Shares Covered Call ETN stock traded down $0.54 during mid-day trading on Wednesday, hitting $151.54. The company had a trading volume of 55,766 shares, compared to its average volume of 38,441. ETRACS Gold Shares Covered Call ETN has a 12-month low of $138.40 and a 12-month high of $183.61. The company's fifty day moving average is $144.83 and its 200-day moving average is $160.23. The company has a market capitalization of $151.54 million, a price-to-earnings ratio of 194.31 and a beta of 0.14.

ETRACS Gold Shares Covered Call ETN Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, August 25th. Investors of record on Thursday, August 20th were issued a dividend of $1.8496 per share. This represents a c) dividend on an annualized basis and a yield of 14.6%. This is a boost from ETRACS Gold Shares Covered Call ETN's previous monthly dividend of $1.59. The ex-dividend date of this dividend was Thursday, August 20th. ETRACS Gold Shares Covered Call ETN's payout ratio is currently 205.19%.

Hedge Funds Weigh In On ETRACS Gold Shares Covered Call ETN

An institutional investor recently bought a new stake in ETRACS Gold Shares Covered Call ETN stock. Claris Financial LLC acquired a new stake in ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,726 shares of the company's stock, valued at approximately $1,169,000. Claris Financial LLC owned approximately 0.96% of ETRACS Gold Shares Covered Call ETN at the end of the most recent reporting period. 36.97% of the stock is owned by institutional investors and hedge funds.

About ETRACS Gold Shares Covered Call ETN

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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