MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Trading Down 5.5% – Here’s What Happened

MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXDGet Free Report) fell 5.5% during mid-day trading on Wednesday . The stock traded as low as $32.27 and last traded at $31.9940. 242,474 shares traded hands during trading, a decline of 79% from the average session volume of 1,132,997 shares. The stock had previously closed at $33.85.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Trading Down 6.9%

The firm has a market cap of $787.65 million, a price-to-earnings ratio of 12.32 and a beta of -2.02. The company’s 50-day moving average is $38.57 and its 200-day moving average is $51.97.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Company Profile

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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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