MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Trading Down 12% – Should You Sell?

MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) fell 12% on Wednesday . The stock traded as low as $0.66 and last traded at $0.67. 45,722,710 shares were traded during mid-day trading, an increase of 341% from the average session volume of 10,369,261 shares. The stock had previously closed at $0.76.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Stock Down 12.0%

The company’s fifty day moving average is $1.40 and its two-hundred day moving average is $3.03. The firm has a market capitalization of $44.11 million, a price-to-earnings ratio of 12.32 and a beta of -2.44.

MicroSectors Gold Miners -3x Inverse Leveraged ETN’s stock is going to reverse split before the market opens on Wednesday, October 22nd. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Tuesday, October 21st.

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.