MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Trading Down 7.2% – Here’s Why

MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXDGet Free Report) traded down 7.2% during trading on Thursday . The stock traded as low as $38.96 and last traded at $38.3650. 427,805 shares were traded during trading, a decline of 64% from the average session volume of 1,176,776 shares. The stock had previously closed at $41.35.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Price Performance

The stock has a market capitalization of $952.75 million, a price-to-earnings ratio of 12.32 and a beta of -2.00. The business has a fifty day moving average of $40.52 and a 200 day moving average of $61.82.

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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