MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Stock Price Up 7% – Time to Buy?

MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXDGet Free Report)’s stock price rose 7% during trading on Thursday . The company traded as high as $32.67 and last traded at $32.6070. Approximately 151,288 shares changed hands during mid-day 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 Stock Performance

The stock’s 50-day simple moving average is $39.57 and its 200 day simple moving average is $72.00. The company has a market capitalization of $799.03 million, a PE ratio of 12.32 and a beta of -2.00.

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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