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

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $158.23, but opened at $149.48. MicroSectors Gold Miners 3x Leveraged ETN shares last traded at $156.02, with a volume of 872,381 shares.

MicroSectors Gold Miners 3x Leveraged ETN Stock Up 9.4%

The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 21.92 and a beta of 2.02. The business’s 50 day simple moving average is $335.80 and its 200-day simple moving average is $252.41.

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. Jump Financial LLC acquired a new stake in MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUFree Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 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 reporting period.

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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