MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Sees Strong Trading Volume – What’s Next?

Shares of MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXDGet Free Report) saw unusually-strong trading volume on Friday . Approximately 943,991 shares traded hands during mid-day trading, a decline of 10% from the previous session’s volume of 1,049,870 shares.The stock last traded at $7.07 and had previously closed at $6.63.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Price Performance

The business’s 50 day moving average price is $10.10 and its 200-day moving average price is $12.52. The company has a market cap of $5.10 billion, a P/E ratio of 11.89 and a beta of -2.71.

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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