MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Sees Large Increase in Short Interest

MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXDGet Free Report) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 593,244 shares, a growth of 92.9% from the August 15th total of 307,460 shares. Based on an average daily volume of 4,067,079 shares, the days-to-cover ratio is presently 0.1 days. Currently, 2.4% of the company’s stock are sold short.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Trading Up 4.6%

GDXD stock traded up $0.87 during mid-day trading on Wednesday, hitting $19.99. The stock had a trading volume of 4,646,123 shares, compared to its average volume of 1,411,044. MicroSectors Gold Miners -3x Inverse Leveraged ETN has a 1-year low of $14.25 and a 1-year high of $264.00. The company has a fifty day moving average of $31.85 and a 200 day moving average of $37.69. The stock has a market capitalization of $139.93 million, a price-to-earnings ratio of 12.32 and a beta of -2.26.

About MicroSectors Gold Miners -3x Inverse Leveraged ETN

(Get Free Report)

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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