MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Shares Down 10% – Should You Sell?

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report)’s stock price was down 10% on Friday . The company traded as low as $142.28 and last traded at $142.28. Approximately 860,541 shares were traded during mid-day trading, a decline of 2% from the average daily volume of 878,859 shares. The stock had previously closed at $158.05.

MicroSectors Gold Miners 3x Leveraged ETN Stock Performance

The company has a market cap of $1.22 billion, a P/E ratio of 21.92 and a beta of 2.02. The firm has a 50 day moving average price of $349.25 and a two-hundred day moving average price of $250.72.

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 bought a new position in MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUFree Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 20,597 shares of the company’s stock, valued at approximately $5,019,000. Jump Financial LLC owned 0.24% of MicroSectors Gold Miners 3x Leveraged ETN as of its most recent SEC filing.

About MicroSectors Gold Miners 3x Leveraged ETN

(Get Free Report)

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.

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