MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Sees Strong Trading Volume – Time to Buy?

MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXDGet Free Report) saw unusually-strong trading volume on Wednesday . Approximately 1,096,662 shares were traded during mid-day trading, an increase of 33% from the previous session’s volume of 824,060 shares.The stock last traded at $9.14 and had previously closed at $10.14.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Stock Performance

The stock’s 50-day moving average price is $14.10 and its 200-day moving average price is $14.30. The company has a market capitalization of $6.81 billion, a price-to-earnings ratio of 62.23 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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