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

Shares of MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXDGet Free Report) saw unusually-strong trading volume on Thursday . Approximately 2,645,055 shares were traded during mid-day trading, an increase of 93% from the previous session’s volume of 1,370,956 shares.The stock last traded at $5.56 and had previously closed at $6.15.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Stock Performance

The company’s 50-day moving average is $8.23 and its 200-day moving average is $11.62. The firm has a market cap of $3.94 billion, a price-to-earnings ratio of 14.59 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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