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

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU)’s share price gapped down before the market opened on Monday . The stock had previously closed at $250.66, but opened at $240.00. MicroSectors Gold Miners 3x Leveraged ETN shares last traded at $238.00, with a volume of 438,271 shares.

MicroSectors Gold Miners 3x Leveraged ETN Trading Up 6.4%

The business has a 50-day moving average price of $285.29 and a two-hundred day moving average price of $258.16. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 21.92 and a beta of 2.13.

Institutional Trading of 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 purchased a new position in shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 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 quarter.

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.