MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Trading Up 9% – Still a Buy?

MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXDGet Free Report) shares traded up 9% during trading on Thursday . The stock traded as high as $11.71 and last traded at $11.71. 472,104 shares changed hands during trading, a decline of 31% from the average session volume of 688,537 shares. The stock had previously closed at $10.74.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Stock Performance

The firm has a fifty day simple moving average of $13.19 and a 200 day simple moving average of $18.50. The company has a market capitalization of $8.52 billion, a PE ratio of 62.23 and a beta of -2.71.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Company Profile

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The MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD) is an exchange-traded fund that is based on the S-Network MicroSectors Gold Miners index. The fund provides 3x daily inverse leveraged exposure to a market-cap weighted index comprised of two gold miners ETFs. GDXD was launched on Dec 7, 2020 and is issued by REX Microsectors.

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