MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Trading Down 10.6% – What’s Next?

Shares of MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXDGet Free Report) fell 10.6% on Tuesday . The company traded as low as $14.20 and last traded at $14.29. 84,042 shares were traded during mid-day trading, a decline of 77% from the average session volume of 360,049 shares. The stock had previously closed at $15.99.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Stock Performance

The stock has a market cap of $10.92 billion, a price-to-earnings ratio of 62.23 and a beta of -2.71. The company has a 50-day simple moving average of $14.38 and a two-hundred day simple moving average of $15.33.

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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