MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Reaches New 52-Week Low – What’s Next?

MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXDGet Free Report)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $9.00 and last traded at $9.36, with a volume of 3191346 shares changing hands. The stock had previously closed at $10.14.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Trading Up 1.6 %

The firm’s fifty day moving average price is $13.83 and its 200-day moving average price is $14.18. The firm has a market cap of $6.91 billion, a price-to-earnings ratio of 62.23 and a beta of -2.71.

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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