MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Short Interest Up 92.9% in August

MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) was the target of a significant 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. Based on an average daily trading volume, of 4,067,079 shares, the days-to-cover ratio is currently 0.1 days. Currently, 2.4% of the shares of the company are sold short.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Stock Performance

NYSEARCA GDXD traded down $2.16 during trading on Thursday, hitting $17.83. 2,813,545 shares of the company’s stock traded hands, compared to its average volume of 1,419,037. The stock has a market capitalization of $124.81 million, a price-to-earnings ratio of 12.32 and a beta of -2.26. MicroSectors Gold Miners -3x Inverse Leveraged ETN has a 12-month low of $14.25 and a 12-month high of $264.00. The business has a 50 day moving average of $31.18 and a 200-day moving average of $37.65.

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.