MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Trading Down 4.5% – Here’s What Happened

MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXDGet Free Report) traded down 4.5% on Friday . The company traded as low as $11.83 and last traded at $11.89. 193,479 shares traded hands during trading, a decline of 68% from the average session volume of 599,927 shares. The stock had previously closed at $12.45.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Stock Performance

The firm has a market capitalization of $8.67 billion, a price-to-earnings ratio of 62.23 and a beta of -2.71. The company has a fifty day moving average of $14.52 and a two-hundred day moving average of $14.64.

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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