MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Stock Price Down 2.5% – Should You Sell?

MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXDGet Free Report)’s share price was down 2.5% during trading on Thursday . The company traded as low as $15.99 and last traded at $16.11. Approximately 92,322 shares changed hands during trading, a decline of 87% from the average daily volume of 694,715 shares. The stock had previously closed at $16.52.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Trading Up 2.3 %

The company has a market cap of $12.21 billion, a price-to-earnings ratio of 62.23 and a beta of -2.71. The company’s 50 day moving average price is $13.62 and its 200 day moving average price is $15.76.

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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