iShares Gold Bullion ETF (CAD-Hedged) (TSE:CGL - Get Free Report)'s stock price shot up 0.4% during trading on Thursday . The stock traded as high as C$25.73 and last traded at C$25.57. 60,836 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 140,456 shares. The stock had previously closed at C$25.46.
iShares Gold Bullion ETF (CAD-Hedged) Price Performance
The company's 50 day simple moving average is C$26.08 and its 200 day simple moving average is C$24.70.
About iShares Gold Bullion ETF (CAD-Hedged)
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The investment objective of the Fund is to replicate the performance of the price of physical gold bullion, less the Funds fees and expenses. To achieve the fund's objective the investment strategy of the Fund is to invest in long-term holdings of unencumbered gold bullion, in 100 or 400 troy ounce international bar sizes and to not speculate with regard to short-term changes in gold bullion prices.
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