MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Trading Down 8.2%

Posted by Xavier Holt on Apr 25th, 2024

MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD – Get Free Report)’s stock price traded down 8.2% on Thursday . The stock traded as low as $2.56 and last traded at $2.56. 6,117,790 shares were traded during mid-day trading, an increase of 62% from the average session volume of 3,769,896 shares. The stock had previously closed at $2.79.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Trading Down 9.7 %

The firm’s fifty day moving average price is $4.01 and its 200 day moving average price is $4.85. The stock has a market capitalization of $1.84 billion and a price-to-earnings ratio of 6.49.

MicroSectors Gold Miners -3x Inverse Leveraged ETN’s stock is going to reverse split before the market opens on Monday, April 29th. The 1-10 reverse split was announced on Monday, April 29th. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, April 29th.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Company Profile

(Get Free Report)

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.