MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Hits New 1-Year Low – Time to Sell?

MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXDGet Free Report) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $8.20 and last traded at $8.30, with a volume of 2726554 shares changing hands. The stock had previously closed at $8.45.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Price Performance

The stock has a fifty day moving average price of $11.07 and a 200-day moving average price of $12.84. The company has a market cap of $6.05 billion, a PE ratio of 25.34 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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