MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Shares Down 4.8% – Here’s Why

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) shares fell 4.8% during trading on Wednesday . The stock traded as low as $186.24 and last traded at $189.47. Approximately 414,081 shares traded hands during trading, a decline of 68% from the average daily volume of 1,292,648 shares. The stock had previously closed at $199.03.

MicroSectors Gold Miners 3x Leveraged ETN Stock Performance

The stock has a fifty day simple moving average of $106.41 and a two-hundred day simple moving average of $184.04. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 21.92 and a beta of 1.93.

Institutional Trading of MicroSectors Gold Miners 3x Leveraged ETN

An institutional investor recently bought a new stake in MicroSectors Gold Miners 3x Leveraged ETN stock. Jump Financial LLC bought a new position in shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 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 quarter.

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.