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About MicroSectors Gold Miners 3x Leveraged Inverse ETN
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Inception date
Dec 2, 2020
Structure
Exchange-Traded Note
Distribution tax treatment
No distributions
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
GDXD is a note that provides 3x daily inverse leveraged exposure. As such, it is not a buy-and-hold product, and is best designed for short-term tactical trading purposes only. Returns can vary significantly from -3x exposure to its underlying index if held for longer than a day. GDXD`s underlying index, the S-Network MicroSectors Gold Miners Index, is comprised of two established ETFs, namely: VanEck Gold Miners ETF (GDX) and VanEck Junior Gold Miners ETF (GDXJ), which primarily invest in the global gold mining industry. Both ETFs select and weight its constituents by market cap. Knowledge of the benefits and risks is paramount before investing in this product.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
GDXD assets under management is 75.97 M USD. It's fallen 27.54% over the last month.
GDXD fund flows account for 132.31 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, GDXD doesn't pay dividends to its holders.
GDXD shares are issued by Bank of Montreal under the brand REX Microsectors. The ETF was launched on Dec 2, 2020, and its management style is Passive.
GDXD expense ratio is 0.95% meaning you'd have to pay 0.95% of your investment to help manage the fund.
GDXD follows the S-Network MicroSectors Gold Miners Index - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
GDXD price has fallen by −22.02% over the last month, and its yearly performance shows a −85.66% decrease. See more dynamics on GDXD price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −28.19% over the last month, showed a −63.30% decrease in three-month performance and has decreased by −85.79% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −28.19% over the last month, showed a −63.30% decrease in three-month performance and has decreased by −85.79% in a year.
GDXD trades at a premium (0.19%) meaning the ETF is trading at a higher price than the calculated NAV.