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

Shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) gapped down before the market opened on Monday . The stock had previously closed at $91.50, but opened at $87.83. MicroSectors Gold Miners 3x Leveraged ETN shares last traded at $86.10, with a volume of 475,986 shares traded.

MicroSectors Gold Miners 3x Leveraged ETN Stock Down 1.4%

The firm has a 50-day moving average price of $148.77 and a two-hundred day moving average price of $245.19. The company has a market capitalization of $724.79 million, a P/E ratio of 21.92 and a beta of 1.79.

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. Gamco Investors INC. ET AL purchased a new position in MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,000 shares of the company’s stock, valued at approximately $205,000.

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.