MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Hits New 12-Month Low – Here’s Why

MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXDGet Free Report)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $8.23 and last traded at $8.50, with a volume of 705706 shares trading hands. The stock had previously closed at $8.82.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Trading Up 0.9 %

The stock’s fifty day moving average is $11.75 and its two-hundred day moving average is $13.00. The company has a market capitalization of $6.49 billion, a PE ratio of 25.34 and a beta of -2.71.

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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