Strategy Shares Gold-Hedged Bond ETF (BATS:GLDB) Trading 2% Higher – Still a Buy?

Shares of Strategy Shares Gold-Hedged Bond ETF (BATS:GLDBGet Free Report) traded up 2% on Thursday . The stock traded as high as $19.88 and last traded at $19.88. Approximately 1,993 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 22,042 shares. The stock had previously closed at $19.49.

Strategy Shares Gold-Hedged Bond ETF Trading Up 2.0%

The firm’s 50-day moving average price is $20.59 and its 200-day moving average price is $23.35.

Strategy Shares Gold-Hedged Bond ETF Company Profile

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The Strategy Shares Gold-Hedged Bond ETF (GLDB) is an exchange-traded fund that is based on the Solactive Gold Backed Bond index. The fund tracks an index that provides broad exposure to USD-denominated investment grade corporate bonds while using near term gold futures to potentially hedge inflation risk. GLDB was launched on May 17, 2021 and is managed by Strategy Shares.

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