MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Shares Gap Up – Should You Buy?

MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXDGet Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $14.96, but opened at $15.54. MicroSectors Gold Miners -3x Inverse Leveraged ETN shares last traded at $15.36, with a volume of 163,681 shares changing hands.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Price Performance

The business has a 50 day simple moving average of $12.83 and a 200 day simple moving average of $17.60. The company has a market capitalization of $11.64 billion, a price-to-earnings ratio of 62.23 and a beta of -2.71.

About MicroSectors Gold Miners -3x Inverse Leveraged ETN

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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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