MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Shares Down 15.8% – Should You Sell?

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report)’s stock price traded down 15.8% during mid-day trading on Thursday . The company traded as low as $333.00 and last traded at $322.8780. 369,140 shares changed hands during mid-day 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 Trading Up 16.5%

The stock has a market capitalization of $2.95 billion, a P/E ratio of 21.92 and a beta of 2.02. The business has a 50-day moving average price of $312.35 and a 200 day moving average price of $210.50.

Hedge Funds 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 purchased a new stake in shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUFree Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 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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