MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Sees Large Increase in Short Interest

MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 593,244 shares, an increase of 92.9% from the August 15th total of 307,460 shares. Based on an average daily volume of 4,067,079 shares, the short-interest ratio is currently 0.1 days. Approximately 2.4% of the shares of the stock are sold short.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Trading Up 0.1%

NYSEARCA GDXD traded up $0.01 on Tuesday, hitting $19.12. 2,068,178 shares of the company’s stock were exchanged, compared to its average volume of 1,392,444. The stock has a 50-day moving average of $32.44 and a 200-day moving average of $37.76. The stock has a market cap of $478 million, a price-to-earnings ratio of 12.32 and a beta of -2.26. MicroSectors Gold Miners -3x Inverse Leveraged ETN has a 52 week low of $14.25 and a 52 week high of $264.00.

About MicroSectors Gold Miners -3x Inverse Leveraged ETN

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.