MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Shares Climb 15.7% – Still a Buy?

MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD – Get Free Report)’s stock price rose 15.7% during trading on Friday. The stock traded as high as $30.98 and last traded at $30.9960. Approximately 800,863 shares were traded during trading, a decline of 45% from the average session volume of 1,453,634 shares. The stock had previously closed at $26.80.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Stock Performance

The company’s 50 day simple moving average is $20.32 and its two-hundred day simple moving average is $36.21. The stock has a market cap of $777.95 million, a price-to-earnings ratio of 12.32 and a beta of -2.17.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Company Profile

(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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