GDXX

ProShares Ultra Gold Miners
LAST TRADECHANGE (%)VOLUME
$41.82-- (--)132
4:00:00 p.m. (ET) 08/16/2017
BID SIZEBID ($)ASK ($)ASK SIZE
20041.9042.34200

GDXX Fund Description

ProShares Ultra Gold Miners provides daily 2x leveraged exposure to a market-cap-weighted index of global gold and silver mining firms

GDXX FactSet Analytics Insight

GDXX is a daily 2x leveraged bet on the NYSE Arca Gold Miners Index. It accomplishes this through a portfolio of derivative contracts which gets adjusted at the end of each trading day. Because of that, the fund’s return for periods longer than a day becomes path dependent and is likely to be different from 2x the return of the index for the same period. This makes GDXX suitable primarily for short-term traders.
Also consider that gold miners’ fortunes do not necessarily move in lockstep with gold. Although the price of the metal obviously has huge influence on the profits and hence the share price of these companies, there is a host of other factors that come into play here: from the price of oil – which is the main input for any miner - to the size the equity premium in the broad market.
GDXX goes head-to-head with the already very popular Direxion’s NUGT which provides 3x leveraged exposure to the same index and has a similarly high annual fee. Of course, the expense ratio has minimal impact on the cost of holding these funds for a short period of time and would matter little to someone who is speculating on the short-term movements of gold mining stocks. Trading costs as reflected in spreads and potential premium/discounts are the predominant consideration here. We’ll see if GDXX (launched February 2015) manages to establish itself by getting a piece of NUGT’s huge trading volume.

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Select ETFs to compare their performance:
Bats Book Viewer
TOP OF BOOK
SHARES/SIZEPRICE
ASKS40054.05
10044.94
10043.88
10042.35
20042.34
BIDS20041.90
10041.89
10040.37
10039.32
40030.31
LAST 10 TRADES
TIMEPRICESHARES
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Bats BZX Real-time Quote - 09:33:44
Daily Spread
Premium/Discount
Volume

GDXX FactSet Analytics Block Liquidity

As of 08/16/17
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of GDXX. GDXX is rated a N/A out of 5.

GDXX Summary Data

02/13/15
Open-Ended Fund
1.15%
$14.36 M

GDXX Portfolio Data

0%
09/27/17

GDXX Index Data

Market Cap
Market Cap
N/A

GDXX Fund Structure

Yes
No
0% / 100%
N/A
N/A
High
2x
Daily

GDXX Tax Exposures

20.00% / 39.60%
--
No

GDXX Tradability

8,375
$331.06 K
6,691
$258.24 K
0.27%
0.01%
1.59% / -1.96%
None
50,000
0.13
0.01%
349
$40.11
N/A