MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Sees Strong Trading Volume – Still a Buy?

Shares of MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD – Get Free Report) saw an uptick in trading volume on Monday. 792,000 shares were traded during mid-day trading, a decline of 45% from the previous session’s volume of 1,441,547 shares. The stock last traded at $21.4680 and had previously closed at $19.07.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Trading Up 14.3%

The firm has a market capitalization of $545.12 million, a price-to-earnings ratio of 12.32 and a beta of -2.26. The firm’s 50-day moving average is $26.43 and its 200 day moving average is $37.04.

About MicroSectors Gold Miners -3x Inverse Leveraged ETN

(Get Free Report)

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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