iPath Gold ETN (NYSEARCA:GBUG – Get Free Report) shares dropped 0.2% on Monday . The company traded as low as $29.60 and last traded at $29.60. Approximately 200 shares were traded during trading, a decline of 87% from the average daily volume of 1,550 shares. The stock had previously closed at $29.65.
iPath Gold ETN Price Performance
The business’s 50 day simple moving average is $29.60 and its 200-day simple moving average is $29.60.
iPath Gold ETN Company Profile
The investment seeks to replicate, net of expenses, the Shiller Barclays CAPETM US Core Sector Index. The index seeks to provide a notional long exposure to the top four relatively undervalued U.S. equity sectors that also exhibit relatively strong price momentum. It incorporates the CAPE (Cyclically Adjusted Price Earnings) ratio to assess equity market valuations of nine sectors on a monthly basis and to identify the relatively undervalued sectors represented in the S&P 500.
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