MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Stock Price Down 7.1% – Should You Sell?

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) shares fell 7.1% during trading on Thursday . The stock traded as low as $131.14 and last traded at $132.00. 472,201 shares changed hands during mid-day trading, a decline of 56% from the average session volume of 1,062,011 shares. The stock had previously closed at $142.14.

MicroSectors Gold Miners 3x Leveraged ETN Trading Up 3.1%

The stock has a market cap of $1.25 billion, a P/E ratio of 21.92 and a beta of 1.82. The firm’s fifty day moving average is $193.64 and its 200 day moving average is $258.00.

Institutional Inflows and Outflows

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

About MicroSectors Gold Miners 3x Leveraged ETN

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.