MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Reaches New 12-Month Low – Here’s Why

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $64.45 and last traded at $65.31, with a volume of 318546 shares. The stock had previously closed at $69.89.

MicroSectors Gold Miners 3x Leveraged ETN Stock Performance

The firm has a market capitalization of $578 million, a price-to-earnings ratio of 21.92 and a beta of 1.91. The business’s 50 day moving average is $122.91 and its 200-day moving average is $230.13.

Institutional Investors Weigh In On MicroSectors Gold Miners 3x Leveraged ETN

An institutional investor recently bought a new stake in MicroSectors Gold Miners 3x Leveraged ETN stock. Gamco Investors INC. ET AL acquired a new position in MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,000 shares of the company’s stock, valued at approximately $205,000.

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.