MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Hits New 52-Week Low – What’s Next?

Shares of MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXDGet Free Report) reached a new 52-week low on Tuesday . The company traded as low as $22.61 and last traded at $23.27, with a volume of 1661954 shares trading hands. The stock had previously closed at $24.72.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Price Performance

The company has a market cap of $581.75 million, a price-to-earnings ratio of 12.32 and a beta of -2.15. The business has a 50 day simple moving average of $44.01 and a 200 day simple moving average of $41.07.

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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