MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Shares Up 5.9% – Still a Buy?

MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXDGet Free Report)’s share price rose 5.9% on Monday . The company traded as high as $14.46 and last traded at $14.45. Approximately 267,338 shares changed hands during trading, a decline of 62% from the average daily volume of 702,076 shares. The stock had previously closed at $13.64.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Price Performance

The company has a market capitalization of $10.57 billion, a P/E ratio of 62.23 and a beta of -2.71. The stock’s fifty day simple moving average is $12.63 and its 200-day simple moving average is $16.60.

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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