MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Shares Down 12.3% – Here’s What Happened

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report) traded down 12.3% during trading on Monday . The stock traded as low as $130.00 and last traded at $130.93. Approximately 599,186 shares traded hands during trading, a decline of 55% from the average daily volume of 1,321,977 shares. The stock had previously closed at $149.30.

MicroSectors Gold Miners 3x Leveraged ETN Price Performance

The business’s fifty day moving average price is $120.59 and its 200 day moving average price is $169.13. The stock has a market cap of $1.15 billion, a P/E ratio of 21.92 and a beta of 2.11.

Hedge Funds Weigh In On MicroSectors Gold Miners 3x Leveraged ETN

An institutional investor recently bought a new position in MicroSectors Gold Miners 3x Leveraged ETN stock. Jump Financial LLC bought a new stake in MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 20,597 shares of the company’s stock, valued at approximately $5,019,000. Jump Financial LLC owned approximately 0.24% of MicroSectors Gold Miners 3x Leveraged ETN at the end of the most recent reporting period.

About MicroSectors Gold Miners 3x Leveraged ETN

(Get Free Report)

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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