MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU – Get Free Report)’s stock price dropped 7.1% during mid-day trading on Thursday . The stock traded as low as $131.14 and last traded at $132.00. Approximately 472,201 shares were traded during trading, a decline of 56% from the average daily 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 firm’s fifty day moving average price is $193.64 and its 200-day moving average price is $258.00. The company has a market cap of $1.25 billion, a P/E ratio of 21.92 and a beta of 1.82.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in MicroSectors Gold Miners 3x Leveraged ETN stock. Gamco Investors INC. ET AL acquired a new position in shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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.
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