MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Stock Price Down 5.7% – Here’s Why

MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXDGet Free Report)’s stock price dropped 5.7% on Wednesday . The company traded as low as $12.16 and last traded at $12.16. Approximately 96,250 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 700,606 shares. The stock had previously closed at $12.90.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Price Performance

The company has a 50 day simple moving average of $12.84 and a 200-day simple moving average of $16.25. The firm has a market cap of $8.59 billion, a PE ratio of 62.23 and a beta of -2.71.

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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