MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Stock Falls 18.4% – Time to Sell?

Shares of MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD – Get Free Report) traded down 18.4% during trading on Wednesday. The stock traded as low as $23.78 and last traded at $24.8930. Approximately 870,517 shares were traded during trading, a decline of 40% from the average session volume of 1,454,050 shares. The stock had previously closed at $30.52.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Stock Performance

The company has a market cap of $561.52 million, a PE ratio of 12.32 and a beta of -2.21. The business’s 50-day moving average is $21.18 and its 200 day moving average is $35.78.

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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