MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Trading Up 5.8% – Time to Buy?

Shares of MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXDGet Free Report) traded up 5.8% on Friday . The stock traded as high as $4.65 and last traded at $4.48. 3,241,828 shares traded hands during trading, an increase of 70% from the average session volume of 1,908,441 shares. The stock had previously closed at $4.24.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Stock Up 5.2 %

The business’s 50-day simple moving average is $7.02 and its two-hundred day simple moving average is $10.92. The firm has a market capitalization of $3.25 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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