iPath Gold ETN (NYSEARCA:GBUG – Get Free Report) fell 0.2% during mid-day trading on Monday . The company traded as low as $29.60 and last traded at $29.60. 200 shares were traded during trading, a decline of 87% from the average session volume of 1,550 shares. The stock had previously closed at $29.65.
iPath Gold ETN Trading Down 0.0 %
The stock’s fifty day moving average price is $29.60 and its 200-day moving average price is $29.60.
About iPath Gold ETN
The investment seeks to replicate, net of expenses, the Shiller Barclays CAPETM US Core Sector Index. The index seeks to provide a notional long exposure to the top four relatively undervalued U.S. equity sectors that also exhibit relatively strong price momentum. It incorporates the CAPE (Cyclically Adjusted Price Earnings) ratio to assess equity market valuations of nine sectors on a monthly basis and to identify the relatively undervalued sectors represented in the S&P 500.
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