MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Reaches New 52-Week Low – Should You Sell?

MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXDGet Free Report)’s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as $22.68 and last traded at $23.7340, with a volume of 631378 shares trading hands. The stock had previously closed at $24.73.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Price Performance

The firm has a fifty day moving average of $45.67 and a two-hundred day moving average of $41.52. The stock has a market capitalization of $592.25 million, a P/E ratio of 12.32 and a beta of -2.15.

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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