Shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU – Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $86.03, but opened at $77.62. MicroSectors Gold Miners 3x Leveraged ETN shares last traded at $79.58, with a volume of 639,515 shares trading hands.
MicroSectors Gold Miners 3x Leveraged ETN Stock Performance
The stock has a market cap of $680.25 million, a price-to-earnings ratio of 21.92 and a beta of 1.91. The company has a 50-day simple moving average of $107.72 and a two-hundred day simple moving average of $223.15.
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. Jump Financial LLC purchased a new position in shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter.
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.
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