MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Shares Down 4.1% – Time to Sell?

Shares of MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXDGet Free Report) dropped 4.1% during trading on Friday . The company traded as low as $16.44 and last traded at $16.44. Approximately 87,143 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 699,739 shares. The stock had previously closed at $17.15.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Trading Down 4.0 %

The stock has a market capitalization of $12.00 billion, a P/E ratio of 62.23 and a beta of -2.71. The company has a fifty day simple moving average of $13.11 and a two-hundred day simple moving average of $15.97.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Company Profile

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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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