MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Stock Price Up 6.9% – Still a Buy?

MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXDGet Free Report) traded up 6.9% during mid-day trading on Tuesday . The company traded as high as $51.01 and last traded at $49.5410. Approximately 120,208 shares traded hands during trading, a decline of 88% from the average daily volume of 1,032,846 shares. The stock had previously closed at $46.36.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Stock Performance

The company has a market cap of $1.22 billion, a P/E ratio of 12.32 and a beta of -2.15. The stock has a 50 day moving average price of $46.16 and a 200 day moving average price of $43.17.

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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