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

MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXDGet Free Report) saw unusually-high trading volume on Friday . Approximately 943,991 shares changed hands during 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 firm has a market capitalization of $5.04 billion, a PE ratio of 11.89 and a beta of -2.71. The firm has a fifty day moving average price of $9.96 and a 200 day moving average price of $12.43.

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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