ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) Sees Significant Growth in Short Interest

ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 9,100 shares, a growth of 46.8% from the February 28th total of 6,200 shares. Based on an average trading volume of 4,100 shares, the days-to-cover ratio is currently 2.2 days. Approximately 2.3% of the company’s shares are sold short.

ETRACS Gold Shares Covered Call ETN Stock Down 0.1 %

ETRACS Gold Shares Covered Call ETN stock traded down $0.21 during midday trading on Friday, reaching $161.31. The stock had a trading volume of 5,385 shares, compared to its average volume of 3,058. The firm has a market cap of $64.52 million, a price-to-earnings ratio of 206.86 and a beta of 0.10. ETRACS Gold Shares Covered Call ETN has a 52-week low of $141.74 and a 52-week high of $162.91. The company has a fifty day moving average of $158.36 and a 200 day moving average of $156.46.

ETRACS Gold Shares Covered Call ETN Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, March 25th. Investors of record on Thursday, March 20th were issued a dividend of $0.8853 per share. The ex-dividend date was Thursday, March 20th. 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 stake in shares of ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) by 5.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,521 shares of the company’s stock after acquiring an additional 75 shares during the period. Jaffetilchin Investment Partners LLC owned about 0.38% of ETRACS Gold Shares Covered Call ETN worth $233,000 at the end of the most recent quarter. 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.