MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Shares Down 13.5% – What’s Next?

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU)’s stock price fell 13.5% during mid-day trading on Tuesday . The stock traded as low as $88.80 and last traded at $89.60. 969,260 shares traded hands during mid-day trading, a decline of 12% from the average session volume of 1,100,776 shares. The stock had previously closed at $103.63.

MicroSectors Gold Miners 3x Leveraged ETN Price Performance

The stock has a market capitalization of $837.25 million, a P/E ratio of 21.92 and a beta of 1.79. The company’s 50 day simple moving average is $185.32 and its two-hundred day simple moving average is $254.93.

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. Jump Financial LLC purchased a new stake in MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 20,597 shares of the company’s stock, valued at approximately $5,019,000. Jump Financial LLC owned approximately 0.24% of MicroSectors Gold Miners 3x Leveraged ETN at the end of the most recent reporting period.

MicroSectors Gold Miners 3x Leveraged ETN Company Profile

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.