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PDC

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--%
1d
1w
1m

Analysis and statistics

  • Open
    37.126$
  • Previous Close
    37.6569$
  • 52 Week Change
    --
  • Day Range
    -0.53$
  • 52 Week High/Low
    --
  • Dividend Per Share
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  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
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About

PDC.TO is the ticker symbol for the Purpose Bitcoin Yield ETF traded on the Toronto Stock Exchange (TSX). This ETF aims to provide unitholders with exposure to Bitcoin, while also generating income through covered call strategies. It invests directly in Bitcoin and then sells covered call options on a portion of its Bitcoin holdings. The covered call strategy generates income from the premiums received, but may limit potential gains if the price of Bitcoin increases significantly above the strike price of the call options. Investors should understand the risks associated with Bitcoin, covered call strategies, and the potential impact on the ETF's returns before investing.

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Factors

Commodity Prices: PDC.TO tracks the price of platinum, palladium, and rhodium. Changes in these precious metals directly impact its value.

Currency Fluctuations: As a Canadian-listed ETF holding precious metals priced in USD, CAD/USD exchange rate variations affect PDC.TO's price.

Supply and Demand: Global supply and demand dynamics for platinum, palladium, and rhodium significantly influence the ETF's value.

Economic Conditions: Economic growth or recessionary pressures can impact industrial demand for these metals, thereby affecting PDC.TO's price.

Interest Rates: Higher interest rates can make holding non-yielding assets like precious metals less attractive, potentially lowering PDC.TO's price.

Geopolitical Events: Political instability in countries that produce these metals can disrupt supply chains and drive up prices, affecting PDC.TO.

Investment Sentiment: Overall investor appetite for precious metals as a safe haven asset influences demand and the ETF's price.

ETF Management Fees: The fund's expense ratio, though relatively stable, slightly affects the overall return and consequently the ETF's price.

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