MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Sees Large Volume Increase – Should You Buy?

MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXDGet Free Report) shares saw unusually-strong trading volume on Wednesday . Approximately 232,554 shares traded hands during mid-day trading, a decline of 37% from the previous session’s volume of 366,495 shares.The stock last traded at $14.81 and had previously closed at $15.33.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Price Performance

The stock has a market capitalization of $10.35 billion, a price-to-earnings ratio of 62.23 and a beta of -2.71. The business has a 50 day simple moving average of $14.60 and a 200-day simple moving average of $15.26.

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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