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FGDL

$--
--%
1d
1w
1m

Analysis and statistics

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  • 52 Week Change
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  • 52 Week High/Low
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  • Dividend Per Share
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  • Market cap
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  • Beta
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  • Volume
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About

FGDL.US represents the ProShares UltraShort Daily Gold Miners ETF. This ETF seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Solactive Global Gold Miners Total Return Index. In essence, it's designed to deliver twice the opposite of the daily return of a specific basket of global gold mining companies. Due to its leveraged and inverse nature, FGDL is not a buy-and-hold investment and is best suited for sophisticated investors seeking to potentially profit from short-term declines in gold mining stocks.
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Factors

FGDL.US Price Factors: Market sentiment: Overall investor mood impacting demand.

Underlying Index Performance: Tracks the daily performance of the ICE U.S. Oil & Gas Index.

Leverage Ratio: 2x leveraged fund, amplifying daily index moves.

Oil and Gas Sector News: Industry-specific events affect valuations.

Interest Rates: Borrowing costs for leverage impacting fund expenses.

Expense Ratio: Managment fees decreasing returns and pricing.

Trading Volume: High volume reflects interest and liquidity.

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