Strategy Shares Gold-Hedged Bond ETF (BATS:GLDB) Shares Up 1% – Here’s Why

Strategy Shares Gold-Hedged Bond ETF (BATS:GLDB)’s stock price shot up 1% during trading on Thursday . The stock traded as high as $24.22 and last traded at $24.22. 1,127 shares traded hands during trading, a decline of 95% from the average session volume of 23,887 shares. The stock had previously closed at $23.97.

Strategy Shares Gold-Hedged Bond ETF Stock Up 1.0%

The business has a fifty day moving average of $24.16.

Strategy Shares Gold-Hedged Bond ETF Company Profile

The Strategy Shares Gold-Hedged Bond ETF (GLDB) is an exchange-traded fund that is based on the Solactive Gold Backed Bond index. The fund tracks an index that provides broad exposure to USD-denominated investment grade corporate bonds while using near term gold futures to potentially hedge inflation risk. GLDB was launched on May 17, 2021 and is managed by Strategy Shares.