MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU – Get Free Report) shares dropped 12% during trading on Thursday . The stock traded as low as $155.60 and last traded at $153.8750. Approximately 486,497 shares changed hands during trading, a decline of 37% from the average daily volume of 777,025 shares. The stock had previously closed at $174.80.
MicroSectors Gold Miners 3x Leveraged ETN Trading Up 1.7%
The stock has a 50-day moving average price of $180.89 and a two-hundred day moving average price of $117.55. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 21.92 and a beta of 2.02.
Hedge Funds Weigh In On MicroSectors Gold Miners 3x Leveraged ETN
An institutional investor recently bought a new position in MicroSectors Gold Miners 3x Leveraged ETN stock. Gamco Investors INC. ET AL purchased a new stake in MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 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.
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