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

Shares of MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXDGet Free Report) gapped up prior to trading on Monday . The stock had previously closed at $31.95, but opened at $33.12. MicroSectors Gold Miners -3x Inverse Leveraged ETN shares last traded at $33.0240, with a volume of 351,916 shares traded.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Stock Performance

The business’s 50 day moving average is $40.50 and its 200 day moving average is $90.77. The company has a market capitalization of $824.58 million, a price-to-earnings ratio of 12.32 and a beta of -2.24.

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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