Markets

The AdvisorShares Gartman Gold/Yen ETF Just Hit a New 52-Week Low

Will this ETF continue its string of recent losses? Let's take a closer look at the fund, its recent gains, the category it resides in, and its ratings and outlook to get a sense of whether its momentum is sustainable or not.

Inside GYEN's Decline

As mentioned earlier, GYEN has now lost 25.00% from its 52-week high, which was hit back on March 10, 2016. The fund has now returned 2.06% over the past month, 0.88% over the past three months, and -2.61% in the past six months. Those returns compare to the benchmark S&P 500 index's 1.35%, 8.54%, and 6.78% returns in the same periods, respectively.

A Look Under The Hood

AdvisorShares Gartman Gold/Yen ETF is a Commodity-focused product issued by AdvisorShares. Its expense ratio of 0.65% makes it the #34 cheapest ETF among 119 total funds in the Commodity ETFs category.

GYEN currently boasts only $16.96M in assets under management (AUM), placing it #63 of 119 ETFs in its category, and #1364 of 1922 total ETFs in the U.S. exchange traded universe. This is a very small fund that hasn't been able to gather too much in terms of assets since its launch back in February 2014.

The investment objective of the AdvisorShares Gartman Gold/Yen ETF is to provide positive returns by utilizing the Japanese yen to invest its assets in the gold market. Considering how gold has taken a serious hit lately, it's understandable that GYEN would fall as well.

GYEN SMART Grade: More Losses Ahead?

GYEN currently has an ETF Daily News SMART Grade of B (Buy) , and is ranked #66 of 120 funds in the Commodity ETFs category.

A SMART Grade of B suggests solid future price growth potential, so it's possible that GYEN's recent downturn is just a hiccup. It pays to monitor the situation closely, however.

For more information about this ETF, including full ratings, news, data, and more, please visit GYEN's ticker page .

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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