MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Trading 8.4% Higher – Here’s What Happened

MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXDGet Free Report)’s share price shot up 8.4% on Friday . The company traded as high as $9.10 and last traded at $9.23. 754,526 shares traded hands during trading, a decline of 38% from the average session volume of 1,213,347 shares. The stock had previously closed at $8.52.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Stock Performance

The company’s 50 day simple moving average is $13.03 and its 200-day simple moving average is $13.63. The firm has a market capitalization of $6.74 billion, a PE ratio of 62.23 and a beta of -2.71.

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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