MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Trading 10.1% Higher – Still a Buy?

Shares of MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXDGet Free Report) rose 10.1% during mid-day trading on Tuesday . The company traded as high as $48.00 and last traded at $45.5670. Approximately 273,767 shares were traded during trading, a decline of 76% from the average daily volume of 1,143,544 shares. The stock had previously closed at $41.37.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Stock Performance

The business has a fifty day moving average price of $38.91 and a 200 day moving average price of $50.07. The company has a market capitalization of $1.15 billion, a PE ratio of 12.32 and a beta of -2.02.

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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