MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Trading Down 11.3% – Should You Sell?

MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD)’s stock price fell 11.3% during mid-day trading on Friday . The company traded as low as $29.59 and last traded at $29.1730. 376,834 shares changed hands during trading, a decline of 71% from the average session volume of 1,277,541 shares. The stock had previously closed at $32.89.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Trading Down 10.3%

The stock has a market cap of $737.35 million, a P/E ratio of 12.32 and a beta of -2.24. The stock has a 50 day simple moving average of $38.94 and a 200 day simple moving average of $87.73.

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.