GLDI Stock Summary and Trading Ideas (UBS Ag Etracs Gold Shares Covered Call ETN | NASDAQ:GLDI)

The exchange traded notes ("ETNs") are designed for investors who seek a return linked to the performance of the Credit Suisse NASDAQ Gold FLOWSTM 103 Index (the "Index"). The Index measures the return of a "covered call" strategy on the shares of the SPDR Gold Trust (the "GLD Shares") by reflecting changes in the price of the GLD Shares and the notional option premiums received from the notional sale of monthly call options on the GLD Shares less the Notional Transaction Costs incurred in connection with the implementation of the covered call strategy.

UBS Ag Etracs Gold Shares Covered Call ETN trades on the NASDAQ stock market under the symbol GLDI.

As of September 19, 2024, GLDI stock price climbed to $156.14 with 1,625 million shares trading.

GLDI has a market cap of $93.68 million. This is considered a Micro Cap stock.

In the last 3 years, GLDI stock traded as high as $175.80 and as low as $131.47.

GLDI has underperformed the market in the last year with a price return of +21.5% while the SPY ETF gained +29.9%. However, in the short term, GLDI had mixed performance relative to the market. It has outperformed in the last 3 months, returning +8.2% vs +4.4% return in SPY. But in the last 2 weeks, GLDI shares have been beat by the market, returning +2.1% compared to an SPY return of +3.6%.

GLDI support price is $153.61 and resistance is $156.33 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GLDI stock will trade within this expected range on the day.