MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Shares Gap Down – Should You Sell?

MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) gapped down before the market opened on Tuesday . The stock had previously closed at $14.34, but opened at $13.90. MicroSectors Gold Miners -3x Inverse Leveraged ETN shares last traded at $13.89, with a volume of 134,880 shares trading hands.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Stock Performance

The stock’s fifty day moving average is $12.68 and its 200 day moving average is $17.24. The stock has a market cap of $10.03 billion, a P/E ratio of 62.23 and a beta of -2.71.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Company Profile

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.