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

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) gapped down prior to trading on Friday . The stock had previously closed at $462.64, but opened at $341.51. MicroSectors Gold Miners 3x Leveraged ETN shares last traded at $355.2070, with a volume of 502,309 shares trading hands.

MicroSectors Gold Miners 3x Leveraged ETN Trading Down 30.3%

The stock has a market capitalization of $2.74 billion, a PE ratio of 21.92 and a beta of 2.02. The stock’s fifty day simple moving average is $286.63 and its 200-day simple moving average is $191.80.

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 acquired a new stake in MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm acquired 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.