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

Shares of MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXDGet Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $44.66, but opened at $48.82. MicroSectors Gold Miners -3x Inverse Leveraged ETN shares last traded at $48.4340, with a volume of 110,361 shares trading hands.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Stock Performance

The company has a market cap of $1.19 billion, a price-to-earnings ratio of 12.32 and a beta of -2.15. The firm’s 50 day simple moving average is $46.03 and its 200-day simple moving average is $43.55.

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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