iShares S&P/TSX Global Gold Index ETF (TSE:XGD) Shares Down 2.8% – Here’s What Happened

iShares S&P/TSX Global Gold Index ETF (TSE:XGD) shares dropped 2.8% during mid-day trading on Tuesday . The stock traded as low as C$58.55 and last traded at C$60.20. Approximately 399,900 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 714,164 shares. The stock had previously closed at C$61.96.

iShares S&P/TSX Global Gold Index ETF Trading Down 2.8%

The firm has a 50-day moving average price of C$56.72 and a two-hundred day moving average price of C$47.88.

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.