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

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) shares gapped down prior to trading on Wednesday . The stock had previously closed at $158.34, but opened at $144.10. MicroSectors Gold Miners 3x Leveraged ETN shares last traded at $148.00, with a volume of 367,759 shares trading hands.

MicroSectors Gold Miners 3x Leveraged ETN Trading Up 5.6%

The company’s 50 day moving average price is $191.88 and its 200-day moving average price is $257.99. The company has a market capitalization of $1.28 billion, a PE ratio of 21.92 and a beta of 1.82.

Institutional Trading of MicroSectors Gold Miners 3x Leveraged ETN

A hedge fund recently bought a new stake in MicroSectors Gold Miners 3x Leveraged ETN stock. Jump Financial LLC acquired a new stake in shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 20,597 shares of the company’s stock, valued at approximately $5,019,000. Jump Financial LLC owned 0.24% of MicroSectors Gold Miners 3x Leveraged ETN as of its most recent SEC filing.

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.