Q: It is a general rule that the day a stock goes ex-dividend there is a corresponding drop in the stock price .....Could 5i tell me the movement of GDXY the day it went ex-dividend for the last four dividend payments ? I didn't notice any movement myself that I could attribute to the security going ex-dividend but I wasn't watching closely ..... Also if there was movement what was the average recovery time for the ETF to return to the pre ex-dividend price or better ? Please tie your calculations to a corresponding rise or drop of the price of gold at the time of the events ? .... Thanks for your terrific service ! .....
Q: I just got my semi annual one page share holders report from GDXY .... I'm sure you did as well as I see it in your disclaimer below ..... So I'll just refer to sections and you can reference your copy of the report ....... I thought this was a gold miners ETF ? .... Looking on the left side of the page I see
Security Type - Investments U.S Treasury Securities ....... 64.9%
Cash and Equivalents ...... 31.9%
Purchased Call Options ...... 3.9%
On the right side of the page I see " What did the fund invest in ? " ..... And other than the treasuries and the call options a list of very small negative numbers ......
So in my best Wendy's advertising voice { where's the beef } .....Where's the gold ? ..... And what do those negative numbers mean ? ....... This fund appears to be 96% treasuries and cash . How the heck do they come up with a yield of 43% ? It looks to me like there is very little option trading going on ..... Please explain how this works ...... { in words an idiot can understand because that would be me } ...... Thanks for your terrific service ......
Security Type - Investments U.S Treasury Securities ....... 64.9%
Cash and Equivalents ...... 31.9%
Purchased Call Options ...... 3.9%
On the right side of the page I see " What did the fund invest in ? " ..... And other than the treasuries and the call options a list of very small negative numbers ......
So in my best Wendy's advertising voice { where's the beef } .....Where's the gold ? ..... And what do those negative numbers mean ? ....... This fund appears to be 96% treasuries and cash . How the heck do they come up with a yield of 43% ? It looks to me like there is very little option trading going on ..... Please explain how this works ...... { in words an idiot can understand because that would be me } ...... Thanks for your terrific service ......
Q: I've asked a few questions on GDXY before but I'm still trying to get my head around the reasons for the fluctuations in yield . As I understand it they invest in the Van Eck gold miners index writing covered calls .... Nothing particularly spooky there. There are other covered call ETF's that invest in gold mines . But none of them have a yield anywhere near what GDXY does..... So I would like an explanation of why ? Two months ago the dividend that went into my account was 59% { calculated annually " } . Last month it was 68% { calculated annually } . This morning it was 26.9% { calculated annually } ...... That's a considerable difference from the previous two months . And looking at both the VIX { for volatility in option pricing } and a graph of gold prices doesn't account for it ..... Please explain just exactly how this fund works ? .....And why the considerable drop ? ...... Also please confirm my calculation of this month's yield ? ..... { If my financial institution screwed up the amount that should have gone into my account I want to know about it } .....Thanks again for your terrific service .....