MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Trading Down 5.5% – Should You Sell?

MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD)’s share price dropped 5.5% on Wednesday . The company traded as low as $32.27 and last traded at $31.9940. Approximately 242,474 shares traded hands during trading, a decline of 79% from the average daily volume of 1,132,997 shares. The stock had previously closed at $33.85.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Price Performance

The stock has a market cap of $994.25 million, a P/E ratio of 12.32 and a beta of -2.02. The stock has a 50-day simple moving average of $38.61 and a 200-day simple moving average of $51.00.

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.