MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Stock Price Down 5.4% – Here’s What Happened

MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXDGet Free Report) was down 5.4% during trading on Monday . The stock traded as low as $23.40 and last traded at $23.3920. Approximately 381,276 shares changed hands during mid-day trading, a decline of 63% from the average daily volume of 1,034,449 shares. The stock had previously closed at $24.72.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Stock Down 8.0%

The company has a 50-day moving average price of $44.55 and a two-hundred day moving average price of $41.17. The stock has a market capitalization of $568.48 million, a P/E ratio of 12.32 and a beta of -2.15.

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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