MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Trading Down 5.7% – Here’s Why

MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD)’s stock price was down 5.7% during mid-day trading on Wednesday . The company traded as low as $12.16 and last traded at $12.16. Approximately 96,250 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 700,606 shares. The stock had previously closed at $12.90.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Stock Performance

The company has a market capitalization of $10.34 billion, a P/E ratio of 62.23 and a beta of -2.71. The stock has a 50 day moving average price of $12.82 and a 200 day moving average price of $16.20.

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.