BUGS Index - HUI

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DEFINITION of 'BUGS Index - HUI'

An acronym for "basket of un-hedged gold stocks". The BUGS index is the AMEX's index measuring gold companies that do not hedge their gold production beyond a year and a half.

BREAKING DOWN 'BUGS Index - HUI'

The HUI, or gold BUGS index, provides investors with the capability of participating in short-term gold price movements as the members who make up the index are un-hedged for long-term durations.

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RELATED FAQS
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    There are strong seasonal tendencies in the metals and mining sector. The seasonality of the mining sector is primarily driven ... Read Full Answer >>
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    Investing directly in commodities, such as gold or oil, tends to be more difficult for investors than investing in stocks ... Read Full Answer >>
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    Traders roll over futures contracts to switch from the front month contract that is close to expiration to another contract ... Read Full Answer >>
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    A convertible bond represents a hybrid security that has bond and equity features; this type of bond allows the conversion ... Read Full Answer >>
  5. Why do companies enter into futures contracts?

    Different types of companies may enter into futures contracts for different purposes. The most common reason is to hedge ... Read Full Answer >>
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