MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Reaches New 52-Week Low – Here’s Why

MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXDGet Free Report) reached a new 52-week low during trading on Tuesday . The stock traded as low as $22.61 and last traded at $23.27, with a volume of 1661954 shares trading hands. The stock had previously closed at $24.72.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Trading Down 27.9%

The stock has a market cap of $459.50 million, a P/E ratio of 12.32 and a beta of -2.15. The company’s 50 day moving average price is $42.63 and its two-hundred day moving average price is $40.85.

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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