Wanting right now at week-over-week shares excellent modifications among the many universe of ETFs lined at ETF Channel, one standout is the Day by day Gold Miners Index Bull 3X Shares (Image: NUGT) the place we now have detected an approximate $67.2 million greenback outflow — that is a 4.3% lower week over week (from 48,185,823 to 46,135,823).
The chart under exhibits the one yr value efficiency of NUGT, versus its 200 day shifting common:
Wanting on the chart above, NUGT’s low level in its 52 week vary is $14.06 per share, with $45.10 because the 52 week excessive level — that compares with a final commerce of $33.07. Evaluating the latest share value to the 200 day shifting common can be a helpful technical evaluation method — learn more about the 200 day moving average ».
Change traded funds (ETFs) commerce identical to shares, however as a substitute of ”shares” buyers are literally shopping for and promoting ”models”. These ”models” might be traded forwards and backwards identical to shares, however can be created or…