MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Hits New 1-Year Low – Here’s Why

MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $6.33 and last traded at $6.46, with a volume of 1116269 shares. The stock had previously closed at $7.00.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Price Performance

The stock’s fifty day moving average price is $9.53 and its 200-day moving average price is $12.21. The firm has a market cap of $4.97 billion, a PE ratio of 11.89 and a beta of -2.71.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Company Profile

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.