MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Shares Down 10.5% – What’s Next?

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU)’s share price dropped 10.5% during trading on Tuesday . The stock traded as low as $86.02 and last traded at $87.03. 689,423 shares were traded during trading, a decline of 43% from the average session volume of 1,209,362 shares. The stock had previously closed at $97.23.

MicroSectors Gold Miners 3x Leveraged ETN Price Performance

The firm has a fifty day moving average of $138.94 and a two-hundred day moving average of $241.05. The stock has a market capitalization of $755.23 million, a P/E ratio of 21.92 and a beta of 1.91.

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

A hedge fund recently bought a new position in MicroSectors Gold Miners 3x Leveraged ETN stock. Jump Financial LLC acquired a new stake in shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 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 as of its most recent filing with the Securities & Exchange Commission.

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.