Gold and Silver
VelocityShares' metals exchange traded product suite includes leveraged long and inverse strategies in futures on gold and silver, as measured by the S&P GSCI. While institutional investors have available a variety of instruments (such as futures, swaps and forwards) to express views on metals, this suite of exchange traded products provides a potential alternative with distinct features.
These products seek to provide sophisticated institutional investors with exchange traded instruments for managing risk or expressing short-term market views. The long products are designed to increase in value by a daily-resetting 3x multiple of an increase in the underlying index, while the inverse products are designed to increase in value by a daily-resetting 3x multiple of a decrease in the underlying index. For example, the inverse silver ETN DSLV might be used to express a view of being "short silver."
S&P GSCI® Gold IndexAs of 12/12/18 |
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|---|---|---|---|---|---|
| LEVERAGE | TICKER | NAME | CLOSING INDICATIVE VALUE | ETNs OUTSTANDING | PROSPECTUS |
| 3x | UGLD | VelocityShares 3x Long Gold ETN | $88.03 | 1,526,533 | Prospectus |
| -3x | DGLD | VelocityShares 3x Inverse Gold ETN | $50.80 | 354,010 | Prospectus |
S&P GSCI® Silver IndexAs of 12/12/18 |
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|---|---|---|---|---|---|
| LEVERAGE | TICKER | NAME | CLOSING INDICATIVE VALUE | ETNs OUTSTANDING | PROSPECTUS |
| 3x | USLV | VelocityShares 3x Long Silver ETN | $64.89 | 3,939,215 | Prospectus |
| -3x | DSLV | VelocityShares 3x Inverse Silver ETN | $32.27 | 463,936 | Prospectus |