MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Sees Unusually-High Trading Volume – Should You Buy?

MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXDGet Free Report) saw an uptick in trading volume on Friday . 2,429,729 shares changed hands during mid-day trading, an increase of 94% from the previous session’s volume of 1,253,174 shares.The stock last traded at $7.62 and had previously closed at $6.36.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Price Performance

The stock’s fifty day simple moving average is $8.66 and its 200 day simple moving average is $11.80. The firm has a market capitalization of $5.91 billion, a P/E ratio of 11.89 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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