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XCS

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--%
1d
1w
1m

Analysis and statistics

  • Open
    24.6725$
  • Previous Close
    24.931$
  • 52 Week Change
    --
  • Day Range
    -0.26$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
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About

XCS.TO is the Horizons BetaPro S&P/TSX 60 Equal Weight Inverse ETF. It's a Canadian-listed exchange-traded fund (ETF) designed to provide daily investment results, before fees, expenses, commissions, and withholding taxes, which correspond to two times the inverse (opposite) of the daily performance of the S&P/TSX 60 Equal Weight Index. In simpler terms, it aims to deliver twice the inverse of the daily returns of an equally weighted basket of the 60 largest Canadian companies. Due to the leverage and inverse nature, it is considered a high-risk investment and is generally intended for short-term trading strategies rather than long-term holdings.

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Factors

Here is a response about what affects the price of XCS.TO ETFs, formatted as requested: Underlying Gold Prices: XCS.TO tracks the Solactive Gold Front Month Rolling Futures Index ER, thus fluctuations in gold futures directly impact its price.

Currency Exchange Rates: As gold is often priced in USD, the CAD/USD exchange rate affects XCS.TO. A weaker CAD boosts the ETF's CAD value.

Futures Contract Rolling: The index rolls futures contracts, potentially impacting returns due to the difference in price between contracts.

Supply and Demand: Like any ETF, market demand and supply for XCS.TO units influence its trading price.

Management Fees: XCS.TO's management expense ratio (MER) slightly reduces returns over time.

Interest Rates: Higher interest rates can make gold less attractive relative to interest-bearing assets, potentially decreasing demand.

Geopolitical Events: Global uncertainty tends to increase demand for gold as a safe haven asset, raising prices.

Inflation: Gold is often considered an inflation hedge. Rising inflation can increase demand and price.

Economic Growth: Strong economic growth can decrease demand for gold, potentially lowering its price.

Investor Sentiment: General market optimism or pessimism towards gold investments affects ETF demand and price.

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