VelocityShares 3x Inverse Gold ETN Linked to the S&P GSCI Gold Index ER (DGLD)
VelocityShares 3x Inverse Gold ETN Linked to the S&P GSCI Gold Index ER operates in the Asset Management industry of the Financial Services sector. The stock last traded at $15.17, up 0.00% on the session, giving a market capitalisation of $12.0M. Its beta of -0.18 implies it has historically moved less than the broad market.
The main goal of this investment product is to deliver, after accounting for its expenses, returns that are three times the opposite (inverse) of the performance of the S&P GSCI Gold Index ER. This specific index, which the product aims to inversely track, is built from futures contracts pertaining to a single commodity: gold. The index's value changes are typically intended to align with shifts in the price of gold across international markets.
VelocityShares 3x Inverse Gold ETN Linked to the S&P GSCI Gold Index ER is most often compared with the following Financial Services names: