MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Trading Down 5.3% – Here’s Why

by · The Cerbat Gem

MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD – Get Free Report) fell 5.3% on Wednesday . The company traded as low as $42.50 and last traded at $42.4830. 209,533 shares traded hands during trading, a decline of 83% from the average session volume of 1,203,677 shares. The stock had previously closed at $44.86.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Stock Performance

The firm has a market capitalization of $1.02 billion, a PE ratio of 12.32 and a beta of -2.00. The company has a fifty day simple moving average of $40.09 and a two-hundred day simple moving average of $67.92.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Company Profile

(Get Free Report)

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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