Shares of MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD – Get Free Report) dropped 18.4% during trading on Wednesday. The company traded as low as $23.78 and last traded at $24.8930. 870,517 shares traded hands during trading, a decline of 40% from the average daily volume of 1,454,050 shares. The stock had previously closed at $30.52.
MicroSectors Gold Miners -3x Inverse Leveraged ETN Trading Down 5.0%
The firm’s 50-day moving average is $21.45 and its two-hundred day moving average is $35.42. The stock has a market cap of $505.82 million, a price-to-earnings ratio of 12.32 and a beta of -2.21.
About MicroSectors Gold Miners -3x Inverse Leveraged ETN
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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