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GDXD

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

Analysis and statistics

  • Open
    8.851$
  • Previous Close
    8.3961$
  • 52 Week Change
    --
  • Day Range
    0.45$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

GDXD.TO is a Canadian-listed exchange-traded fund (ETF) offered by Horizons ETFs Management (Canada) Inc. It is designed to provide leveraged and inverse exposure to the S&P/TSX Global Gold Index. This means GDXD.TO aims to deliver twice the *inverse* daily performance of the underlying index, before fees and expenses. The S&P/TSX Global Gold Index tracks the performance of global gold companies listed on the Toronto Stock Exchange. Investors use GDXD.TO for short-term trading strategies to profit from anticipated declines in gold mining stocks. Because of the leverage and daily reset, GDXD.TO is not suitable for long-term holding.

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Factors

Gold Mining Stock Performance: GDXD.TO is a leveraged ETF tracking gold miners. Their stock prices heavily influence GDXD.TO's value.

Gold Prices: Rising gold prices generally boost gold miners' profitability, positively impacting GDXD.TO. Declining gold prices have the opposite effect.

Leverage: As a leveraged ETF, GDXD.TO amplifies daily returns of its underlying index, both positive and negative.

Market Sentiment: Investor sentiment towards gold and gold mining stocks affects demand for GDXD.TO, impacting its price.

Interest Rates: Higher interest rates can diminish gold's appeal as an investment, potentially negatively impacting GDXD.TO.

Geopolitical Events: Global political and economic instability often drives investors to gold as a safe haven, indirectly affecting GDXD.TO.

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