|Bid||37.83 x 2200|
|Ask||37.84 x 2200|
|Day's Range||37.69 - 37.92|
|52 Week Range||31.92 - 44.38|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||-0.13|
|Expense Ratio (net)||0.95%|
ProShares, a premier provider of ETFs, announced today that each of the ProShares Ultra Silver and the ProShares UltraShort Silver ETFs (the “Silver Funds”) and the ProShares Ultra Gold and the ProShares UltraShort Gold ETFs (the “Gold Funds) will change their respective benchmarks on or about January 7, 2019. The new benchmark for the Silver Funds (tickers:AGQ and ZSL) will be the Bloomberg Silver Subindex (ticker:ticker::BCOMSI) and the new benchmark for the Gold Funds (tickers: UGL and GLL) will be the Bloomberg Gold Subindex (ticker:ticker::BCOMGC).
Many investors might seek to buy gold at a discounted price while some risk aggressive investors want to short gold for the near term via ETFs.
As we’ve seen so far in this series, gold tends to influence the movements of precious metal miners. In this article, we’ll take a look at the correlations of selected miners with gold. As gold is the most dominant of the precious metals, silver, platinum, and palladium are known to track its movements closely.
Owning gold can be a store of value and a hedge against unexpected inflation. Holding physical gold, however, can be cumbersome and costly. Fortunately, there are several ways to own gold without keeping ...