MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Trading 7.2% Higher – Still a Buy?

MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXDGet Free Report)’s stock price was up 7.2% during mid-day trading on Monday . The company traded as high as $52.31 and last traded at $52.3660. 150,471 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 1,082,104 shares. The stock had previously closed at $48.83.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Stock Up 6.9%

The company’s 50-day simple moving average is $42.75 and its 200 day simple moving average is $45.29. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 12.32 and a beta of -2.15.

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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