ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) Plans Dividend Increase – $3.24 Per Share

ETRACS Gold Shares Covered Call ETN (NASDAQ:GLDI) announced a monthly dividend on Friday, January 1st. Stockholders of record on Monday, December 22nd will be given a dividend of 3.2409 per share on Monday, December 29th. This represents a c) dividend on an annualized basis and a dividend yield of 21.9%. The ex-dividend date is Monday, December 22nd. This is a 4.9% increase from ETRACS Gold Shares Covered Call ETN’s previous monthly dividend of $3.09.

ETRACS Gold Shares Covered Call ETN Stock Performance

NASDAQ GLDI opened at $177.38 on Friday. The stock has a market cap of $124.17 million, a P/E ratio of 227.48 and a beta of 0.06. ETRACS Gold Shares Covered Call ETN has a fifty-two week low of $151.62 and a fifty-two week high of $177.87. The stock has a 50 day simple moving average of $171.73 and a two-hundred day simple moving average of $165.79.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. CoreCap Advisors LLC purchased a new stake in shares of ETRACS Gold Shares Covered Call ETN in the 3rd quarter worth about $30,000. Claris Financial LLC purchased a new stake in ETRACS Gold Shares Covered Call ETN in the second quarter worth about $642,000. Finally, Winnow Wealth LLC bought a new stake in ETRACS Gold Shares Covered Call ETN during the 3rd quarter valued at approximately $1,599,000. 36.97% of the stock is owned by hedge funds and other institutional investors.

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.