MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Shares Gap Down – Should You Sell?

Shares of MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXDGet Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $32.28, but opened at $31.00. MicroSectors Gold Miners -3x Inverse Leveraged ETN shares last traded at $30.0920, with a volume of 283,271 shares trading hands.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Price Performance

The company has a market cap of $817.50 million, a P/E ratio of 12.32 and a beta of -2.24. The stock has a fifty day moving average price of $39.41 and a two-hundred day moving average price of $88.11.

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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