MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Trading 7% Higher – Should You Buy?

MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXDGet Free Report) shares shot up 7% during mid-day trading on Monday . The stock traded as high as $12.95 and last traded at $12.84. 490,925 shares traded hands during trading, a decline of 20% from the average session volume of 612,472 shares. The stock had previously closed at $12.00.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Stock Performance

The firm has a market capitalization of $9.53 billion, a PE ratio of 62.23 and a beta of -2.71. The company has a fifty day moving average price of $14.43 and a 200-day moving average price of $14.53.

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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