MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Shares Down 7.2% – Here’s What Happened

Shares of MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXDGet Free Report) dropped 7.2% during trading on Friday . The company traded as low as $10.32 and last traded at $10.33. Approximately 1,447,790 shares changed hands during mid-day trading, an increase of 102% from the average daily volume of 717,277 shares. The stock had previously closed at $11.13.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Trading Down 7.2%

The firm has a market cap of $59.91 million, a PE ratio of 12.32 and a beta of -2.01. The stock’s 50 day moving average price is $16.14 and its 200 day moving average price is $40.96.

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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