Inverse Gold Etf 3x

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.

Inverse gold etf 3x. 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 following table includes expense data and other descriptive information for all leveraged 3x inverse short etfs listed on u s. Some investors favor implementing advanced etf trading strategies like using leveraged and inverse etfs. The level of magnification is included in their descriptions and is generally 1x 2x or 3x.

In addition to expense ratio and issuer information this table displays platforms that offer commission free trading for certain 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. Inverse short gold etfs seek to provide the opposite daily or monthly return of gold prices. The notes seek returns that are 3x the returns of the s p gsci.

Understanding 3x etfs. The five inverse gold products gained between 1 5 and 11 28 for the day. The 1 year performance numbers in this story are as of. Velocityshares 3x inverse gold etn is an exchange traded note issued in the usa.

These notes have been delisted and further issuance has been suspended. Exchanges that are currently tracked by etf database. See press release for details. Here s wednesday s performance chart including all gold etf and etn products sorted by single day return.

Velocityshares 3x inverse gold etn metals dgld velocityshares 3x inverse gold etn. The funds use futures contracts to gain exposure and essentially provide a synthetic short position in gold.