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

Shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $347.25, but opened at $305.82. MicroSectors Gold Miners 3x Leveraged ETN shares last traded at $284.1660, with a volume of 346,279 shares trading hands.

MicroSectors Gold Miners 3x Leveraged ETN Stock Up 6.0%

The company has a market cap of $2.97 billion, a P/E ratio of 21.92 and a beta of 2.02. The firm’s 50 day moving average is $319.46 and its two-hundred day moving average is $216.94.

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 acquired a new position in MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUFree Report) during the third quarter, according to its most recent disclosure with the Securities & 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

(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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