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

MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXDGet Free Report) shares saw unusually-strong trading volume on Friday . Approximately 1,898,193 shares were traded during mid-day trading, an increase of 70% from the previous session’s volume of 1,115,926 shares.The stock last traded at $6.13 and had previously closed at $6.28.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Stock Performance

The firm has a market capitalization of $4.66 billion, a PE ratio of 11.89 and a beta of -2.71. The stock’s 50 day simple moving average is $9.25 and its two-hundred day simple moving average is $12.06.

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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