MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Sets New 52-Week Low – Should You Sell?

MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXDGet Free Report) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $8.29 and last traded at $8.35, with a volume of 1504821 shares changing hands. The stock had previously closed at $9.01.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Price Performance

The business’s 50 day moving average price is $13.12 and its 200-day moving average price is $13.66. The firm has a market capitalization of $6.19 billion, a price-to-earnings ratio of 62.23 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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