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Author: Admin | 2025-04-28
ETF GLD, with an asset base of around $68.6 billion and an average daily volume of around 6 million shares, has pulled in around $2.4 billion in capital since the start of the third quarter. Below, we have provided a detailed analysis of the ETFs and some of the key differences between each:ProShares Ultra Gold ETF (UGL)ProShares Ultra Gold ETF seeks to deliver twice (2x or 200%) the return of the daily performance of the Bloomberg Gold Subindex. The product makes a profit when thegold marketmoves upward and is suitable for hedging purposes against rising gold prices. ProShares Ultra Gold ETF charges 95 bps in fees a year and has amassed $262.6 million in its asset base. Volume is good at around 180,000 shares per day. DB Gold Double Long ETN (DGP)This ETN seeks to deliver twice the return of the daily performance of the Deutsche Bank Liquid Commodity Index Optimum Yield Gold. DGP initiates a long position in the gold futures market, charging 75 bps in fees per year from investors. It has accumulated $111.8 million in its asset base and trades in an average daily volume of 5,000 shares.Direxion Daily Gold Miners Index Bull 2X Shares (NUGT) Direxion Daily Gold Miners Index Bull 2X Shares provides two times exposure to the daily performance of the NYSE Arca Gold Miners Index. It charges 86 bps in annual fees and has gathered $608.5 million in its asset base. Volume is heavy, with around 2 million shares exchanged per day, on
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