MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Shares Down 10.1% – Here’s Why

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) shares were down 10.1% during mid-day trading on Tuesday . The stock traded as low as $92.81 and last traded at $98.90. Approximately 374,937 shares were traded during trading, a decline of 67% from the average daily volume of 1,152,228 shares. The stock had previously closed at $109.97.

MicroSectors Gold Miners 3x Leveraged ETN Price Performance

The firm has a 50 day simple moving average of $168.31 and a 200-day simple moving average of $250.30. The company has a market cap of $834.27 million, a price-to-earnings ratio of 21.92 and a beta of 1.79.

Institutional Investors Weigh In On 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 acquired a new stake in MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 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.

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.