MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Shares Gap Down – Here’s What Happened

MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXDGet Free Report) gapped down prior to trading on Monday . The stock had previously closed at $45.62, but opened at $36.05. MicroSectors Gold Miners -3x Inverse Leveraged ETN shares last traded at $33.9240, with a volume of 513,353 shares changing hands.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Stock Down 18.8%

The stock’s 50-day moving average price is $38.66 and its 200 day moving average price is $53.18. The firm has a market capitalization of $925.93 million, a price-to-earnings ratio of 12.32 and a beta of -2.02.

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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