MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Shares Down 8.2% – Time to Sell?

MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD – Get Free Report)’s share price was down 8.2% during trading on Thursday. The stock traded as low as $23.95 and last traded at $23.6460. 572,828 shares traded hands during mid-day trading, a decline of 60% from the average session volume of 1,447,604 shares. The stock had previously closed at $25.77.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Price Performance

The firm has a market capitalization of $588.90 million, a PE ratio of 12.32 and a beta of -2.17. The company has a 50-day moving average price of $20.17 and a 200 day moving average price of $34.59.

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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