MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Shares Down 12.3% – Here’s What Happened

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report) traded down 12.3% on Monday . The stock traded as low as $130.00 and last traded at $130.93. 599,186 shares changed hands during trading, a decline of 55% from the average daily volume of 1,321,977 shares. The stock had previously closed at $149.30.

MicroSectors Gold Miners 3x Leveraged ETN Trading Down 9.3%

The firm has a market cap of $1.15 billion, a P/E ratio of 21.92 and a beta of 2.11. The business has a 50-day moving average of $120.59 and a two-hundred day moving average of $169.13.

Institutional Trading of MicroSectors Gold Miners 3x Leveraged ETN

An institutional investor recently bought a new stake in MicroSectors Gold Miners 3x Leveraged ETN stock. Gamco Investors INC. ET AL acquired a new stake in MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUFree Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,000 shares of the company’s stock, valued at approximately $205,000.

MicroSectors Gold Miners 3x Leveraged ETN Company Profile

(Get Free Report)

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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