MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Stock Price Up 6.5% – Here’s Why

MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXDGet Free Report)’s stock price shot up 6.5% on Tuesday . The stock traded as high as $45.56 and last traded at $46.8660. 57,671 shares changed hands during trading, a decline of 95% from the average session volume of 1,102,192 shares. The stock had previously closed at $44.00.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Stock Performance

The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 12.32 and a beta of -2.15. The business’s 50-day simple moving average is $42.55 and its 200-day simple moving average is $45.72.

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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