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First Asset Energy Giants Cov Call ETF Hgd (NXF-T)
TSE:NXF
5.93
0.03
(0.51%) 1d
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This week’s new 52-week lows… (Dec 12-18)This summary was created by AI, based on 1 opinions in the last 12 months.
Experts believe that the covered call strategy of First Asset Energy Giants Cov Call ETF Hgd provides a boost to income, especially in a volatile energy market. The yield is around 8.5%, making it an attractive option for those seeking additional income. However, there is no immediate catalyst for the stock to move higher in the near future. Despite this, there is value in the energy sector going forward. Comparatively, the total return over 3 years is higher for XEG at 157% compared to 94% for NXF, indicating the need to focus on total return unless there is a specific requirement for income. The higher MER due to covered calls is also noted.
$5.995
No
Given that the energy space is volatile, but not overly sold, the covered call strategies have looked pretty attractive over the last couple of years. Generally speaking, he is not an energy fan or investor. However, when his arm gets twisted by a TSX that roars forward, and he is not playing that game, he tends to go in and rent that ETF space.
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First Asset Energy Giants Cov Call ETF Hgd(NXF-T) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 1
First Asset Energy Giants Cov Call ETF Hgd(NXF-T) Frequently Asked Questions
What is First Asset Energy Giants Cov Call ETF Hgd stock symbol?
First Asset Energy Giants Cov Call ETF Hgd is a Canadian stock, trading under the symbol NXF-T on the Toronto Stock Exchange (NXF-CT). It is usually referred to as TSX:NXF or NXF-T
Is First Asset Energy Giants Cov Call ETF Hgd a buy or a sell?
In the last year, 1 stock analyst published opinions about NXF-T. 0 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for First Asset Energy Giants Cov Call ETF Hgd.
Is First Asset Energy Giants Cov Call ETF Hgd a good investment or a top pick?
First Asset Energy Giants Cov Call ETF Hgd was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for First Asset Energy Giants Cov Call ETF Hgd.
Why is First Asset Energy Giants Cov Call ETF Hgd stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is First Asset Energy Giants Cov Call ETF Hgd worth watching?
1 stock analyst on Stockchase covered First Asset Energy Giants Cov Call ETF Hgd In the last year. It is a trending stock that is worth watching.
What is First Asset Energy Giants Cov Call ETF Hgd stock price?
On 2024-11-22, First Asset Energy Giants Cov Call ETF Hgd (NXF-T) stock closed at a price of $5.93.
Covered call gives you a boost to income, even more so because the space is volatile. Yield is about 8.5%. If you compare it to XEG, the total return over 3 years is 157%, compared to 94% for NXF. Total return should be your focus, unless you really need the income. MER is usually higher with covered calls.
There's value in energy going forward, but no near-term catalyst for it to move higher anytime soon.