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DGLD - 3x Leveraged Inverse Gold ETN

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Definition: ETF Ticker: DGLD

Name of ETF: VelocityShares 3x Inverse Gold ETN

ETF Provider: Velocity Shares

Asset Tracked or Index Benchmark: S&P GSCI Gold Index ER (SPGSGCP)

ETF Categories: Gold ETF, Precious Metal ETF, ETN, Inverse ETF, Leveraged ETF, Commodity ETF

Description of Fund: DGLD correlates with the S&P GSCI Gold Index and is designed to give traders exposure to the COMEX gold future. But since it is an inverse note, it moves in the opposite direction. As the index falls, the price of DGLD rises. The gold ETN also seeks a 3x leveraged return on the daily performance of the underlying index. So when the index calculates its daily return, the goal of DGLD is to have a return that is triple the value of the index's return.

Top Holdings in SYMBOL: DGLD does not hold any physical gold, but instead uses derivative contracts such as gold futures to achieve its investing goals.

DGLD also has a sister ETF that trades under the symbol UGLD. Like DGLD it is a 3x leveraged ETN targeting the price of gold futures, but in the case of UGLD, the exchange traded note is not an inverse ETN. You can learn more about the ETN on the UGLD fact sheet.

Top Sectors Represented in DGLD: Gold Sector

Inception Date of SYMBOL: October 14th, 2011

Lists of ETFs that Include DGLD:

  • List of Gold ETFs
  • List of Precious Metal ETFs
  • List of Commodity ETFs
  • List of Leveraged ETFs
  • List of 3x Leveraged ETFs
  • List of Leveraged Gold ETFs
  • List of Inverse Leveraged ETFs
  • List of Inverse ETFs
  • List of Inverse Gold ETFs
  • List of ETNs
  • As with any investment, please make sure you research this ETF before making any trades. Learn how the ETF works, watch its reaction to different market conditions and make sure you understand what is actually in the fund. Every ETF has risks, so it is important to understand the pros and cons of each individual fund. And if you have any questions at all, do not hesitate to consult your broker, a financial advisor, or another financial professional.
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