MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Shares Down 10.2% – Here’s What Happened

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) was down 10.2% during mid-day trading on Tuesday . The stock traded as low as $123.20 and last traded at $124.20. Approximately 828,919 shares changed hands during mid-day trading, a decline of 35% from the average session volume of 1,266,863 shares. The stock had previously closed at $138.29.

MicroSectors Gold Miners 3x Leveraged ETN Price Performance

The stock has a 50-day moving average price of $96.27 and a 200 day moving average price of $193.57. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 21.92 and a beta of 1.93.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in MicroSectors Gold Miners 3x Leveraged ETN stock. Jump Financial LLC acquired a new stake in MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

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.