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 stock price gapped down prior to trading on Friday . The stock had previously closed at $11.16, but opened at $10.75. MicroSectors Gold Miners -3x Inverse Leveraged ETN shares last traded at $10.48, with a volume of 520,810 shares trading hands.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Price Performance

The company’s 50-day moving average price is $14.10 and its two-hundred day moving average price is $19.45. The company has a market capitalization of $7.16 billion, a P/E ratio of 62.23 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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