MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Shares Down 10.1% – What’s Next?

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) shares fell 10.1% during mid-day trading on Tuesday . The company traded as low as $92.81 and last traded at $98.90. Approximately 374,937 shares changed hands during trading, a decline of 67% from the average daily volume of 1,152,228 shares. The stock had previously closed at $109.97.

MicroSectors Gold Miners 3x Leveraged ETN Trading Down 10.7%

The firm has a market capitalization of $834.27 million, a PE ratio of 21.92 and a beta of 1.79. The stock’s 50 day moving average price is $168.31 and its two-hundred day moving average price is $250.30.

Institutional Trading of MicroSectors Gold Miners 3x Leveraged ETN

A hedge fund recently bought a new stake in MicroSectors Gold Miners 3x Leveraged ETN stock. Jump Financial LLC acquired a new stake in shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 20,597 shares of the company’s stock, valued at approximately $5,019,000. Jump Financial LLC owned about 0.24% of MicroSectors Gold Miners 3x Leveraged ETN as of its most recent SEC filing.

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.