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

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $86.03, but opened at $77.62. MicroSectors Gold Miners 3x Leveraged ETN shares last traded at $79.58, with a volume of 639,515 shares traded.

MicroSectors Gold Miners 3x Leveraged ETN Stock Down 8.3%

The stock has a market cap of $670.90 million, a PE ratio of 21.92 and a beta of 1.91. The business’s 50-day simple moving average is $111.67 and its 200-day simple moving average is $225.31.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in MicroSectors Gold Miners 3x Leveraged ETN stock. Gamco Investors INC. ET AL purchased a new stake in shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 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.