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Horizons Gold Producer Equity Covered Call ETF (GLCC)
Financials 
Technical Analysis 
MER is 0.81%, assets $255M, indicated yield 10.78%, one year return -12%.
As a covered call gold fund, we have no issues with its set up nor its security positions (typical large cap names). For a gold sector investor wanting enhanced income, w think it is fine.
Our main comment is on the potential for gold. When the gold sector 'runs' it tends to do very well.
We think that a covered call fund is not the best choice for gold investors, as it can limit upside potential during bull markets.
But, for those only interested mainly in income and are willing to give up some potential in exchange for this higher income, we would consider it fine.
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Horizons Gold Producer Equity Covered Call ETF (GLCC) Frequently Asked Questions
What is Horizons Gold Producer Equity Covered Call ETF stock symbol?
Horizons Gold Producer Equity Covered Call ETF is a OTC stock, trading under the symbol GLCC on the undefined (undefined). It is usually referred to as or GLCC
Is Horizons Gold Producer Equity Covered Call ETF a buy or a sell?
In the last year, no analyst issued a Buy, Sell, or Hold rating on GLCC on Stockchase. Read the latest expert commentary for Horizons Gold Producer Equity Covered Call ETF.
Is Horizons Gold Producer Equity Covered Call ETF a good investment or a top pick?
Horizons Gold Producer Equity Covered Call ETF was recommended as a Top Pick by Mike Philbrick on 2022-06-27. Read the latest stock experts ratings for Horizons Gold Producer Equity Covered Call ETF.
Why is Horizons Gold Producer Equity Covered Call ETF stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Horizons Gold Producer Equity Covered Call ETF.
Is Horizons Gold Producer Equity Covered Call ETF worth watching?
Horizons Gold Producer Equity Covered Call ETF is covered by Stockchase experts and is worth watching.
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A covered call ETF. Its total distribution yield, which is double digits, is coming from a covered call, option-writing overlay. Important to consider your demand for yield -- do you really need it? Moves in lock-step with XGD but, over time, GLCC will give you less growth. Your capital erodes over the long term.
Perfect short-term play for income needs. For the long term, he'd prefer a non-covered-call strategy like XGD.