MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Short Interest Update

MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 593,244 shares, a growth of 92.9% from the August 15th total of 307,460 shares. Currently, 2.4% of the shares of the stock are short sold. Based on an average daily volume of 4,067,079 shares, the days-to-cover ratio is currently 0.1 days.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Price Performance

GDXD stock traded up $0.01 during trading on Tuesday, reaching $19.12. 2,068,178 shares of the company were exchanged, compared to its average volume of 1,392,444. The company has a 50-day moving average of $32.44 and a two-hundred day moving average of $37.76. The company has a market capitalization of $478 million, a price-to-earnings ratio of 12.32 and a beta of -2.26. MicroSectors Gold Miners -3x Inverse Leveraged ETN has a twelve month low of $14.25 and a twelve month high of $264.00.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Company Profile

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.