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Horizons Gold Producer Equity Covered Call ETF (GLCC)
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Technical Analysis
This summary was created by AI, based on 3 opinions in the last 12 months.
Experts agree that this ETF is not intended for long term hold and may not allow for much upside. It is considered a good option for defensive investors and for markets that are sideways or down. However, it is not recommended for a bullish thesis on gold. The ETF's high dividend yield comes from a covered call, option-writing overlay, but it may give less growth over time compared to other strategies.
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Not the best option for long term investors. Not the best method to chase upside with covered call strategy. Good for defensive investors. Good option for investors if markets sideways, or down. If bullish on gold prices - bullion a better option.
A covered call ETF. Its total distribution yield, which is double digits, is coming from a covered call, option-writing overlay. Important to consider your demand for yield -- do you really need it? Moves in lock-step with XGD but, over time, GLCC will give you less growth. Your capital erodes over the long term.
Perfect short-term play for income needs. For the long term, he'd prefer a non-covered-call strategy like XGD.
MER is 0.81%, assets $255M, indicated yield 10.78%, one year return -12%.
As a covered call gold fund, we have no issues with its set up nor its security positions (typical large cap names). For a gold sector investor wanting enhanced income, w think it is fine.
Our main comment is on the potential for gold. When the gold sector 'runs' it tends to do very well.
We think that a covered call fund is not the best choice for gold investors, as it can limit upside potential during bull markets.
But, for those only interested mainly in income and are willing to give up some potential in exchange for this higher income, we would consider it fine.
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Horizons Gold Producer Equity Covered Call ETF(GLCC) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 2
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 2
Horizons Gold Producer Equity Covered Call ETF(GLCC) Frequently Asked Questions
What is Horizons Gold Producer Equity Covered Call ETF stock symbol?
Horizons Gold Producer Equity Covered Call ETF is a OTC stock, trading under the symbol GLCC on the (). It is usually referred to as or GLCC
Is Horizons Gold Producer Equity Covered Call ETF a buy or a sell?
In the last year, 2 stock analysts published opinions about GLCC. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Horizons Gold Producer Equity Covered Call ETF.
Is Horizons Gold Producer Equity Covered Call ETF a good investment or a top pick?
Horizons Gold Producer Equity Covered Call ETF was recommended as a Top Pick by on . Read the latest stock experts ratings for Horizons Gold Producer Equity Covered Call ETF.
Why is Horizons Gold Producer Equity Covered Call ETF stock dropping?
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Is Horizons Gold Producer Equity Covered Call ETF worth watching?
2 stock analysts on Stockchase covered Horizons Gold Producer Equity Covered Call ETF In the last year. It is a trending stock that is worth watching.
What is Horizons Gold Producer Equity Covered Call ETF stock price?
On , Horizons Gold Producer Equity Covered Call ETF (GLCC) stock closed at a price of $.
Not intended for a long term hold. Covered call doesn't allow for a lot of upside. Yield good for defensive investors. Good for sideways, or horizontal markets. Not good for a bullish thesis on gold.