MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Shares Down 6.8% – Should You Sell?

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) was down 6.8% during mid-day trading on Monday . The stock traded as low as $120.51 and last traded at $121.60. Approximately 674,561 shares changed hands during trading, a decline of 46% from the average daily volume of 1,258,415 shares. The stock had previously closed at $130.43.

MicroSectors Gold Miners 3x Leveraged ETN Stock Performance

The stock has a market cap of $1.12 billion, a P/E ratio of 21.92 and a beta of 1.93. The firm has a 50-day moving average price of $95.47 and a 200-day moving average price of $202.91.

Institutional Trading of MicroSectors Gold Miners 3x Leveraged ETN

An institutional investor recently bought a new stake in MicroSectors Gold Miners 3x Leveraged ETN stock. Jump Financial LLC purchased a new stake in shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 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 SEC filing.

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.