MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Stock Price Down 5.3% – What’s Next?

Shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) fell 5.3% during trading on Monday . The company traded as low as $201.00 and last traded at $196.1420. 148,700 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 769,852 shares. The stock had previously closed at $207.08.

MicroSectors Gold Miners 3x Leveraged ETN Stock Performance

The business’s 50-day moving average is $187.92 and its two-hundred day moving average is $130.48. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 21.92 and a beta of 2.02.

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

A hedge fund recently bought a new stake in MicroSectors Gold Miners 3x Leveraged ETN stock. Gamco Investors INC. ET AL bought a new position in shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 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.