Could iShares S&P TSX Global Gold Index Fund See a Reversal After This Very Weak Session?

 Could iShares S&P TSX Global Gold Index Fund See a Reversal After This Very Weak Session?

The stock of iShares S&P TSX Global Gold Index Fund (TSE:XGD) is a huge mover today! About 49,157 shares traded hands. iShares S&P TSX Global Gold Index Fund (TSE:XGD) has declined 7.37% since April 20, 2016 and is downtrending. It has underperformed by 12.78% the S&P500.
The move comes after 5 months negative chart setup for the $618.40 million company. It was reported on Nov, 24 by Barchart.com. We have $10.97 PT which if reached, will make TSE:XGD worth $37.10 million less.

More notable recent iShares S&P TSX Global Gold Index Fund (TSE:XGD) news were published by: Theglobeandmail.com which released: “Five ETFs to choose from as gold stocks finally come alive” on July 17, 2013, also Marketwired.com with their article: “BlackRock® Canada Announces June Cash Distributions for the iShares® ETFs” published on June 08, 2016, Theglobeandmail.com published: “ETFs to consider as gold’s season of strength gets underway” on July 25, 2014. More interesting news about iShares S&P TSX Global Gold Index Fund (TSE:XGD) were released by: Marketwired.com and their article: “BlackRock® Canada Announces March Cash Distributions for the iShares® ETFs” published on March 09, 2016 as well as Marketwired.com‘s news article titled: “BlackRock(R) Canada Announces September Cash Distributions for the iShares(R) ETFs” with publication date: September 07, 2016.

iShares S&P/TSX Global Gold Index Fund seeks to provide long-term capital growth by replicating, to the extent possible, the performance of the S&P/TSX Global Gold Index through investments in the constituent issuers of such index, net of expenses. The company has a market cap of $618.40 million. The Index is comprised of securities of global gold sector issuers selected by Standard & Poor’s using its industrial classifications and guidelines for evaluating issuer capitalization, liquidity and fundamentals. It currently has negative earnings. The S&P/TSX Global Gold Index is defined using Global Industry Classification Standard (GICS) sector classification.

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