MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Shares Down 11% – Time to Sell?

MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXDGet Free Report)’s stock price dropped 11% during mid-day trading on Monday . The stock traded as low as $14.65 and last traded at $14.74. Approximately 166,591 shares were traded during trading, a decline of 76% from the average daily volume of 703,908 shares. The stock had previously closed at $16.56.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Trading Down 12.7 %

The business has a fifty day moving average of $12.75 and a 200-day moving average of $17.33. The firm has a market cap of $10.54 billion, a PE ratio of 62.23 and a beta of -2.71.

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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