MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Shares Down 5.5% – Time to Sell?

Shares of MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) fell 5.5% during trading on Friday . The stock traded as low as $35.31 and last traded at $35.70. 460,410 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 1,286,239 shares. The stock had previously closed at $37.79.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Trading Down 5.3%

The company has a 50 day moving average of $38.30 and a 200 day moving average of $82.96. The firm has a market cap of $895.00 million, a price-to-earnings ratio of 12.32 and a beta of -2.24.

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.