MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Sets New 12-Month Low – Should You Sell?

MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXDGet Free Report)’s share price reached a new 52-week low on Thursday . The stock 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 Stock Down 3.3 %

The company has a market cap of $5.32 billion, a price-to-earnings ratio of 25.34 and a beta of -2.71. The company has a fifty day simple moving average of $10.76 and a two-hundred day simple moving average of $12.75.

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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