Inverse Gold Etf 3x

The funds use futures contracts to gain exposure and essentially provide a synthetic short position in gold.

Inverse gold etf 3x. In addition to expense ratio and issuer information this table displays platforms that offer commission free trading for certain etfs. Plenty of commodity exchange traded funds etfs are on the market today including broad commodity funds as well as etfs that track specific assets like energy metals and materials. The level of magnification is included in their descriptions and is generally 1x 2x or 3x. Velocityshares 3x inverse gold etn is an exchange traded note issued in the usa.

The 1 year performance numbers in this story are as of. Some investors favor implementing advanced etf trading strategies like using leveraged and inverse etfs. Here s wednesday s performance chart including all gold etf and etn products sorted by single day return. For instance there may be a 3x inverse gold etf which will generate a profit of 6 percent in the event of gold prices going down by 2 percent that is returns are multiplied by the leverage factor of 3x and are in opposite direction.

The notes seek returns that are 3x the returns of the s p gsci. See press release for details. Understanding 3x etfs. The most heavily traded leveraged gold etf based on its 3 month average daily volume is the direxion daily gold miners bull 2x shares.

The following table includes expense data and other descriptive information for all leveraged 3x inverse short etfs listed on u s. As with other leveraged etfs 3x etfs track a wide variety of asset classes such as stocks bonds and commodity futures the difference is that 3x etfs apply even greater. The note will provide investors with a cash payment at the scheduled maturity or early redemption based on the. Velocityshares 3x inverse gold etn metals dgld velocityshares 3x inverse gold etn.

Exchanges that are currently tracked by etf database. These notes have been delisted and further issuance has been suspended.