U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) Trading Down 7.1% – Here’s Why

U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU)’s stock price traded down 7.1% during mid-day trading on Thursday . The company traded as low as $45.01 and last traded at $45.25. 97,239 shares traded hands during mid-day trading, an increase of 59% from the average session volume of 61,310 shares. The stock had previously closed at $48.70.

U.S. Global GO GOLD and Precious Metal Miners ETF Trading Down 7.1%

The firm has a market cap of $200.46 million, a P/E ratio of 22.28 and a beta of 0.64. The company has a fifty day moving average price of $45.66 and a two-hundred day moving average price of $39.32.

U.S. Global GO GOLD and Precious Metal Miners ETF Dividend Announcement

The business also recently declared an annual dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 24th were paid a $0.4002 dividend. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a yield of 90.0%.

U.S. Global GO GOLD and Precious Metal Miners ETF Company Profile

The U.S. Global GO GOLD and Precious Metal Miners ETF (GOAU) is an exchange-traded fund that mostly invests in materials equity. The fund tracks an index of 28 precious metal mining firms listed in the US, Canada, Australia, Hong Kong or South Africa. Holdings are selected by fundamental factors and weighted in fixed tiers. GOAU was launched on Jun 27, 2017 and is managed by US Global.