MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Trading Down 15.8% – What’s Next?

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU)’s stock price was down 15.8% during trading on Thursday . The stock traded as low as $333.00 and last traded at $322.8780. Approximately 369,140 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 797,724 shares. The stock had previously closed at $383.43.

MicroSectors Gold Miners 3x Leveraged ETN Stock Performance

The firm’s 50 day simple moving average is $307.76 and its 200-day simple moving average is $207.96. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 21.92 and a beta of 2.02.

Institutional Trading of MicroSectors Gold Miners 3x Leveraged ETN

An institutional investor recently bought a new position in MicroSectors Gold Miners 3x Leveraged ETN stock. Gamco Investors INC. ET AL bought a new stake in shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,000 shares of the company’s stock, valued at approximately $205,000.

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.