MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Reaches New 1-Year Low – Time to Sell?

MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXDGet Free Report)’s share price hit a new 52-week low on Tuesday . The stock traded as low as $9.15 and last traded at $9.27, with a volume of 813399 shares trading hands. The stock had previously closed at $9.74.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Stock Performance

The firm has a 50 day moving average price of $13.94 and a two-hundred day moving average price of $19.24. The company has a market capitalization of $6.74 billion, a P/E ratio of 62.23 and a beta of -2.71.

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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