The funds use futures contracts to gain exposure and essentially provide a synthetic short position in gold.
Inverse gold etf 3x.
These notes have been delisted and further issuance has been suspended.
The five inverse gold products gained between 1 5 and 11 28 for the day.
Plenty of commodity exchange traded funds etfs are on the market today including broad commodity funds as well as etfs that track specific assets like energy metals and materials.
The following table includes expense data and other descriptive information for all leveraged 3x inverse short etfs listed on u s.
Velocityshares 3x inverse gold etn is an exchange traded note issued in the usa.
The most heavily traded leveraged gold etf based on its 3 month average daily volume is the direxion daily gold miners bull 2x shares.
Inverse short gold etfs seek to provide the opposite daily or monthly return of gold prices.
Velocityshares 3x inverse gold etn metals dgld velocityshares 3x inverse gold etn.
Find the latest velocityshares 3x inverse gold dgld stock quote history news and other vital information to help you with your stock trading and investing.
The notes seek returns that are 3x the returns of the s p gsci.
As with other leveraged etfs 3x etfs track a wide variety of asset classes such as stocks bonds and commodity futures the difference is that 3x etfs apply even greater.
The 1 year performance numbers in this story are as of.
Understanding 3x etfs.
In addition to expense ratio and issuer information this table displays platforms that offer commission free trading for certain etfs.
Exchanges that are currently tracked by etf database.
For instance there may be a 3x inverse gold etf which will generate a profit of 6 percent in the event of gold prices going down by 2 percent that is returns are multiplied by the leverage factor of 3x and are in opposite direction.
The level of magnification is included in their descriptions and is generally 1x 2x or 3x.
The note will provide investors with a cash payment at the scheduled maturity or early redemption based on the.