MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Shares Gap Down – Time to Sell?

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $471.91, but opened at $379.21. MicroSectors Gold Miners 3x Leveraged ETN shares last traded at $319.1990, with a volume of 627,990 shares traded.

MicroSectors Gold Miners 3x Leveraged ETN Trading Down 24.1%

The stock has a 50 day moving average of $347.15 and a 200-day moving average of $236.59. The company has a market capitalization of $3.04 billion, a P/E ratio of 21.92 and a beta of 2.02.

Institutional Trading of 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 stake in shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUFree Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm 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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