MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Shares Down 8.3% – Here’s What Happened

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) fell 8.3% on Monday . The stock traded as low as $77.00 and last traded at $77.00. Approximately 323,011 shares traded hands during trading, a decline of 73% from the average daily volume of 1,217,105 shares. The stock had previously closed at $84.01.

MicroSectors Gold Miners 3x Leveraged ETN Stock Down 9.9%

The business has a fifty day simple moving average of $130.84 and a two-hundred day simple moving average of $236.10. The company has a market cap of $643.11 million, a P/E ratio of 21.92 and a beta of 1.91.

Hedge Funds Weigh In On MicroSectors Gold Miners 3x Leveraged ETN

A hedge fund recently bought a new position in MicroSectors Gold Miners 3x Leveraged ETN stock. Gamco Investors INC. ET AL bought a new stake in shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,000 shares of the company’s stock, valued at approximately $205,000.

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.