MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Trading Down 11.7% – Time to Sell?

MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXDGet Free Report) was down 11.7% during mid-day trading on Thursday . The stock traded as low as $30.73 and last traded at $30.9230. Approximately 419,172 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 1,235,993 shares. The stock had previously closed at $35.03.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Trading Up 1.6%

The firm has a 50-day moving average of $39.06 and a 200-day moving average of $76.46. The stock has a market capitalization of $890 million, a price-to-earnings ratio of 12.32 and a beta of -2.00.

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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