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

Shares of MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXDGet Free Report) saw unusually-high trading volume on Friday . Approximately 2,429,729 shares changed hands during 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 Trading Up 27.4 %

The business’s 50 day moving average is $8.66 and its two-hundred day moving average is $11.80. The company has a market cap of $5.91 billion, a PE 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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