MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Shares Gap Down – Here’s Why

MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXDGet Free Report)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $51.34, but opened at $45.75. MicroSectors Gold Miners -3x Inverse Leveraged ETN shares last traded at $44.2220, with a volume of 246,098 shares traded.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Trading Down 14.6%

The stock has a market capitalization of $1.10 billion, a P/E ratio of 12.32 and a beta of -2.15. The firm’s fifty day moving average is $41.51 and its 200-day moving average is $47.31.

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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