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

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) gapped down prior to trading on Monday . The stock had previously closed at $308.15, but opened at $281.39. MicroSectors Gold Miners 3x Leveraged ETN shares last traded at $257.41, with a volume of 383,254 shares trading hands.

MicroSectors Gold Miners 3x Leveraged ETN Price Performance

The firm has a market cap of $2.46 billion, a P/E ratio of 21.92 and a beta of 2.02. The stock’s 50 day moving average is $350.60 and its two-hundred day moving average is $243.34.

Hedge Funds 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 bought a new stake in MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 20,597 shares of the company’s stock, valued at approximately $5,019,000. Jump Financial LLC owned about 0.24% of MicroSectors Gold Miners 3x Leveraged ETN at the end of the most recent quarter.

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.