Short Interest in ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) Drops By 25.0%

ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI - Get Free Report) was the target of a significant drop in short interest in February. As of February 15th, there was short interest totalling 2,100 shares, a drop of 25.0% from the January 31st total of 2,800 shares. Based on an average daily trading volume, of 2,800 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in ETRACS Gold Shares Covered Call ETN stock. Jaffetilchin Investment Partners LLC boosted its stake in shares of ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI - Free Report) by 5.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,521 shares of the company's stock after acquiring an additional 75 shares during the quarter. Jaffetilchin Investment Partners LLC owned 0.38% of ETRACS Gold Shares Covered Call ETN worth $233,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 36.97% of the company's stock.

ETRACS Gold Shares Covered Call ETN Stock Up 1.1 %

ETRACS Gold Shares Covered Call ETN stock traded up $1.73 during trading hours on Monday, hitting $155.55. The stock had a trading volume of 17,337 shares, compared to its average volume of 4,171. The company has a 50-day moving average of $156.55 and a two-hundred day moving average of $155.65. ETRACS Gold Shares Covered Call ETN has a fifty-two week low of $141.74 and a fifty-two week high of $160.75. The company has a market cap of $62.22 million, a PE ratio of 199.48 and a beta of 0.10.

ETRACS Gold Shares Covered Call ETN Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, February 26th. Investors of record on Friday, February 21st were paid a $1.9235 dividend. This is a positive change from ETRACS Gold Shares Covered Call ETN's previous dividend of $1.63. The ex-dividend date was Friday, February 21st. ETRACS Gold Shares Covered Call ETN's dividend payout ratio is presently 205.19%.

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.