MicroSectors Gold Miners ETNs, GDXU & GDXD, Have Launched

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MicroSectors Gold Miners ETNs, GDXU & GDXD, Have Launched

On Thursday, MicroSectors Gold Miners ETNs announce they're increasing their MicroSectors model wit


On Thursday, MicroSectors Gold Miners ETNs announce they’re increasing their MicroSectors model with the launch of two Gold Miners ETNs, the MicroSectors Gold Miners 3X Leveraged ETN (GDXU) and the MicroSectors Gold Miners -3X Inverse Leveraged ETN (GDXD). The ETNs have begun buying and selling on the NYSE Arca.

GDXU and GDXD supply each day resetting +3x leverage & -3x inverse leverage linked to gold miners securities and leveraged publicity to S-Community MicroSectors Gold Miners Index efficiency. Every ETN gives traders a return based mostly on adjustments within the degree of the index.

With this launch, GDXU and GDXD will probably be becoming a member of different well-known merchandise, such because the MicroSectors FANG+ Index 3X Leveraged ETN (NYSE: FNGU) and the MicroSectors FANG+ ETN (NYSE: FNGS) within the MicroSectors secure.

One other Golden Index

The S-Community MicroSectors Gold Miners Index tracks the efficiency of two of the most important gold mining ETFs, the VanEck Vectors Gold Miners ETF (GDX) and the VanEck Vectors Junior Gold Miners ETF (GDXJ). The index’s underlying composition is market capitalization-weighted throughout each ETFs.

Every ETN seeks a return on the underlying index for a single day. The ETNs should not “purchase and maintain” investments and shouldn’t be anticipated to supply its respective return of the underlying index’s cumulative return for intervals better than a day.

MicroSectors supplies concentrated publicity to investable market segments that closely affect many investor portfolios. Developed as high-impact buying and selling and hedging devices, MicroSectors ETNs are designed to present traders exact publicity to the market’s fashionable niches. They’re a REX Shares product.

For extra info, go to www.microsectors.com.

For extra market tendencies, go to ETF Tendencies.

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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.



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