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

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) shares gapped down before the market opened on Thursday . The stock had previously closed at $162.05, but opened at $147.56. MicroSectors Gold Miners 3x Leveraged ETN shares last traded at $150.00, with a volume of 810,604 shares trading hands.

MicroSectors Gold Miners 3x Leveraged ETN Price Performance

The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 21.92 and a beta of 2.11. The business has a 50 day moving average of $118.53 and a 200 day moving average of $172.57.

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 bought a new stake in shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 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 filing with the SEC.

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.