MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Stock Price Down 15.8% – Here’s Why

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) shares traded down 15.8% during mid-day trading on Thursday . The stock traded as low as $333.00 and last traded at $322.8780. 369,140 shares traded hands during trading, a decline of 54% from the average session volume of 797,724 shares. The stock had previously closed at $383.43.

MicroSectors Gold Miners 3x Leveraged ETN Stock Down 22.3%

The company has a market cap of $2.53 billion, a P/E ratio of 21.92 and a beta of 2.02. The stock’s 50-day moving average price is $307.76 and its 200 day moving average price is $207.96.

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. Gamco Investors INC. ET AL acquired a new position in shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,000 shares of the company’s stock, valued at approximately $205,000.

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.