The Credit Suisse X-Links Gold Shares Covered Call ETN (NASDAQ:GLDI) experienced a slight decline in its share price on Tuesday, closing at $153.35 after trading as low as $152.93.
The trading volume for the day was 1,751 shares, which is a 36% drop compared to the average session volume of 2,726 shares.
The previous closing price was $153.78, indicating a modest fluctuation in the stock's performance.
With a market capitalization of $61.34 million, the ETN has a price-to-earnings ratio of 196.66 and a beta of 0.10, suggesting low volatility relative to the market.
The stock's 50-day moving average is $156.01, while the two-hundred-day moving average is $152.76, indicating a relatively stable price trend over the longer term.
The recent dividend announcement of $1.3967 raised concerns about the sustainability of such payouts in the future, as the company's dividend payout ratio currently stands at 205.19%.
Institutional investors and hedge funds hold 36.97% of the company's stock, with B. Riley Wealth Advisors Inc. increasing its stake by 10.5% during the first quarter.
The stock currently holds a "Hold" rating among analysts, but top-rated analysts have identified five other stocks with better investment opportunities.
The future trajectory of the ETN will be influenced by factors such as the recent dividend announcement, stock price movements, and actions of institutional investors.