GDXY ETF generates monthly income by selling options on GDX, balancing synthetic covered calls and Treasuries for stability and yield. The fund benefits from higher implied volatility and a weaker dollar, which support gold prices and option premiums. Current macro trends, including a steepening yield curve and potential dollar devaluation, create a favorable environment for GDXY's strategy.
The GDX ETF has strong performance compared to gold ETFs or even ETFs from other sectors of the economy. The fundamentals of revenue growth and cash flow are the pillars behind performance. Valuations are historically low, with upside potential of 25% to 50% based on P/E and P/NAV.
I reiterate my Hold rating on GDX after a powerful rally, as gold miners face mixed near-term technical and seasonal signals. GDX has outperformed the S&P 500 YTD, but momentum is cooling and August-September have historically been weak for gold miners. The ETF remains attractively valued, yet its top-heavy portfolio and bearish RSI divergence suggest caution is warranted for new buyers.
![]() GDX 18 Dec 2023 Paid | Annual | $0.5 Per Share |
![]() GDX 19 Dec 2022 Paid | Annual | $0.48 Per Share |
![]() GDX 20 Dec 2021 Paid | Annual | $0.53 Per Share |
![]() GDX 21 Dec 2020 Paid | Annual | $0.19 Per Share |
![]() GDX 23 Dec 2019 Paid | Annual | $0.19 Per Share |
![]() GDX 18 Dec 2023 Paid | Annual | $0.5 Per Share |
![]() GDX 19 Dec 2022 Paid | Annual | $0.48 Per Share |
![]() GDX 20 Dec 2021 Paid | Annual | $0.53 Per Share |
![]() GDX 21 Dec 2020 Paid | Annual | $0.19 Per Share |
![]() GDX 23 Dec 2019 Paid | Annual | $0.19 Per Share |
Asset Management Industry | Financial Services Sector | - CEO | XSGO Exchange | US92189F1066 ISIN |
US Country | - Employees | - Last Dividend | - Last Split | - IPO Date |
The company in discussion is a specialized investment fund focusing on the gold mining sector. It dedicates a substantial portion of its assets, at least 80%, to invest in common stocks and depositary receipts of companies engaged in the gold mining industry. This investment strategy aims to leverage the growth and potential profitability within the mining for gold and silver. The fund adheres to a modified market-capitalization weighted index, which prioritizes publicly traded companies active in the gold and silver mining sectors. Given its specialized investment focus, the fund operates as a non-diversified entity, concentrating its investments in the niche market of gold and silver mining companies.
The fund offers a focused investment product characterized by two main components: