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

ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) was the recipient of a significant growth in short interest in 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 presently 2.2 days. Currently, 2.3% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ETRACS Gold Shares Covered Call ETN stock. OLD Mission Capital LLC lifted its position in shares of ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) by 105.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,877 shares of the company’s stock after acquiring an additional 4,563 shares during the quarter. OLD Mission Capital LLC owned 2.22% of ETRACS Gold Shares Covered Call ETN worth $1,363,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 36.97% of the company’s stock.

ETRACS Gold Shares Covered Call ETN Stock Performance

ETRACS Gold Shares Covered Call ETN stock traded up $0.02 during midday trading on Tuesday, reaching $161.82. The company’s stock had a trading volume of 3,134 shares, compared to its average volume of 3,074. The firm has a market capitalization of $64.73 million, a PE ratio of 207.53 and a beta of 0.10. ETRACS Gold Shares Covered Call ETN has a fifty-two week low of $141.74 and a fifty-two week high of $163.13. The stock’s 50 day simple moving average is $158.45 and its 200 day simple moving average is $156.52.

ETRACS Gold Shares Covered Call ETN Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, March 25th. Investors of record on Thursday, March 20th were paid a $0.8853 dividend. The ex-dividend date of this dividend was Thursday, March 20th. ETRACS Gold Shares Covered Call ETN’s dividend payout ratio (DPR) 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.