MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Shares Gap Up – Time to Buy?

MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXDGet Free Report)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $48.80, but opened at $52.55. MicroSectors Gold Miners -3x Inverse Leveraged ETN shares last traded at $52.60, with a volume of 115,608 shares changing hands.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Stock Down 9.5%

The stock has a market capitalization of $1.21 billion, a P/E ratio of 12.32 and a beta of -2.15. The company has a fifty day moving average price of $42.67 and a 200-day moving average price of $45.47.

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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