MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Shares Gap Down – Here’s What Happened

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $471.91, but opened at $379.21. MicroSectors Gold Miners 3x Leveraged ETN shares last traded at $319.1990, with a volume of 627,990 shares trading hands.

MicroSectors Gold Miners 3x Leveraged ETN Stock Up 1.5%

The company’s 50 day simple moving average is $349.77 and its two-hundred day simple moving average is $239.19. The company has a market capitalization of $3.01 billion, a price-to-earnings ratio of 21.92 and a beta of 2.02.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in MicroSectors Gold Miners 3x Leveraged ETN stock. Jump Financial LLC purchased a new position in MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,597 shares of the company’s stock, valued at approximately $5,019,000. Jump Financial LLC owned approximately 0.24% of MicroSectors Gold Miners 3x Leveraged ETN as of its most recent filing with the Securities and Exchange Commission (SEC).

MicroSectors Gold Miners 3x Leveraged ETN Company Profile

The MicroSectors Gold Miners 3X Leveraged ETN (GDXU) is an exchange-traded fund that is based on the S-Network MicroSectors Gold Miners index. The fund provides 3x daily leveraged exposure to a market-cap weighted index comprised of two gold miners ETFs. GDXU was launched on Dec 7, 2020 and is issued by REX Microsectors.