MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Stock Price Down 12.6% – Here’s Why

MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXDGet Free Report) fell 12.6% on Tuesday . The stock traded as low as $45.46 and last traded at $46.4180. 200,035 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 1,078,224 shares. The stock had previously closed at $53.11.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Trading Down 7.3%

The business’s fifty day simple moving average is $42.97 and its 200 day simple moving average is $45.14. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 12.32 and a beta of -2.15.

About MicroSectors Gold Miners -3x Inverse Leveraged ETN

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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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