MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Trading Up 7% – Still a Buy?

MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXDGet Free Report) was up 7% on Thursday . The stock traded as high as $32.67 and last traded at $32.6070. Approximately 151,288 shares were traded during trading, a decline of 88% from the average daily volume of 1,220,951 shares. The stock had previously closed at $30.48.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Price Performance

The company has a fifty day simple moving average of $39.78 and a two-hundred day simple moving average of $70.79. The company has a market capitalization of $993.25 million, a P/E ratio of 12.32 and a beta of -2.00.

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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