MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Trading Down 14.4% – Here’s What Happened

MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXDGet Free Report) was down 14.4% during mid-day trading on Wednesday . The stock traded as low as $6.65 and last traded at $7.07. Approximately 1,866,217 shares traded hands during trading, an increase of 41% from the average daily volume of 1,324,362 shares. The stock had previously closed at $8.25.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Stock Down 16.1 %

The firm’s fifty day moving average is $8.12 and its 200-day moving average is $11.57. The stock has a market capitalization of $3.20 billion, a PE ratio of 14.59 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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