MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Shares Down 11.1% – Here’s Why

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU)’s share price was down 11.1% during mid-day trading on Tuesday . The company traded as low as $137.33 and last traded at $137.77. Approximately 356,105 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 1,052,935 shares. The stock had previously closed at $155.00.

MicroSectors Gold Miners 3x Leveraged ETN Stock Performance

The stock has a fifty day moving average price of $213.72 and a 200-day moving average price of $258.06. The firm has a market cap of $1.18 billion, a PE ratio of 21.92 and a beta of 1.82.

Hedge Funds 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. Jump Financial LLC bought a new position in MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 20,597 shares of the company’s stock, valued at approximately $5,019,000. Jump Financial LLC owned 0.24% of MicroSectors Gold Miners 3x Leveraged ETN at the end of the most recent reporting period.

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.