ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) Trading Up 0.8% – Should You Buy?

ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI)’s stock price traded up 0.8% during mid-day trading on Monday . The stock traded as high as $163.97 and last traded at $163.09. 15,054 shares were traded during mid-day trading, an increase of 202% from the average session volume of 4,983 shares. The stock had previously closed at $161.72.

ETRACS Gold Shares Covered Call ETN Trading Up 0.8%

The stock has a market cap of $114.16 million, a P/E ratio of 209.15 and a beta of 0.10. The business has a 50-day simple moving average of $160.90 and a 200 day simple moving average of $160.05.

ETRACS Gold Shares Covered Call ETN Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, July 25th. Investors of record on Tuesday, July 22nd will be given a $2.8792 dividend. This is an increase from ETRACS Gold Shares Covered Call ETN’s previous dividend of $2.87. The ex-dividend date is Tuesday, July 22nd. ETRACS Gold Shares Covered Call ETN’s dividend payout ratio (DPR) is 205.19%.

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 ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) by 105.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,877 shares of the company’s stock after purchasing 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. Institutional investors and hedge funds own 36.97% of the company’s stock.

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.