Investor Insights

This summary was created by AI, based on 2 opinions in the last 12 months.

The experts have mixed opinions on the Horizons Gold Producer Equity Covered Call ETF (GLCC). One expert is concerned about the sustainability of the high dividend yield and believes that the covered call strategy may limit long-term growth. However, another expert sees it as a suitable option for income-seeking investors, especially those interested in the gold sector. Both experts agree that the covered call strategy may restrict the potential upside during bull markets. Overall, the ETF is seen as providing high income at the expense of potential long-term growth.

Consensus
Mixed
Valuation
Fair Value
Similar
XGD,ABC
TRADE
Is great dividend sustainable?

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.

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HOLD
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.

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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PAST TOP PICK
(A Top Pick Jul 16/21, Down 9%) It is a proxy for gold with a covered call overlay. Gold is good for growth shock.
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Horizons Gold Producer Equity Covered Call ETF(GLCC) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

Stockchase rating for Horizons Gold Producer Equity Covered Call ETF is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

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, 1 stock analyst published opinions about GLCC. 0 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?

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 Horizons Gold Producer Equity Covered Call ETF worth watching?

1 stock analyst 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 $.