MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Trading Down 2.9% – Time to Sell?

MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXDGet Free Report) traded down 2.9% during mid-day trading on Tuesday . The company traded as low as $14.47 and last traded at $14.54. 97,328 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 429,094 shares. The stock had previously closed at $14.98.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Trading Up 1.4 %

The firm has a market capitalization of $9.81 billion, a P/E ratio of 62.23 and a beta of -2.71. The company has a 50 day simple moving average of $14.74 and a two-hundred day simple moving average of $14.95.

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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