iShares S&P/TSX Global Gold Index ETF (TSE:XGD) Trading Down 3.5% – Here’s What Happened

iShares S&P/TSX Global Gold Index ETF (TSE:XGD) were down 3.5% on Wednesday . The stock traded as low as C$45.23 and last traded at C$46.19. 524,795 shares changed hands during trading, a decline of 2% from the average session volume of 537,151 shares. The stock had previously closed at C$47.86.

iShares S&P/TSX Global Gold Index ETF Stock Down 0.7%

The stock has a fifty day simple moving average of C$52.01 and a two-hundred day simple moving average of C$56.25.

iShares S&P/TSX Global Gold Index ETF Company Profile

The investment objective of the Fund is to provide long-term capital growth by replicating, to the extent possible, the performance of the S&P/TSX Global Gold Index the Index , net of expenses. Under normal market conditions, the Fund will primarily invest in equity securities issued by international issuers participating in the mining secto. To achieve its investment objective the Fund uses an indexing strategy. Under this strategy, the Fund seeks to replicate the performance of the Index, net of expenses, by employing, directly or indirectly, through investment in one or more iShares ETFs and/or through the use of derivatives, a replicating strategy or sampling strategy.