MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU – Get Free Report) was down 5.3% on Wednesday . The company traded as low as $269.01 and last traded at $274.2940. Approximately 182,820 shares traded hands during trading, a decline of 76% from the average daily volume of 764,836 shares. The stock had previously closed at $289.50.
MicroSectors Gold Miners 3x Leveraged ETN Stock Down 4.8%
The stock has a market cap of $2.34 billion, a P/E ratio of 21.92 and a beta of 2.02. The firm has a 50 day simple moving average of $195.46 and a 200-day simple moving average of $142.96.
Institutional Investors Weigh In On MicroSectors Gold Miners 3x Leveraged ETN
A hedge fund recently bought a new stake in MicroSectors Gold Miners 3x Leveraged ETN stock. Gamco Investors INC. ET AL acquired a new position in MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU – Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 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.
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