MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Stock Price Down 5.4% – Time to Sell?

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) fell 5.4% during trading on Wednesday . The stock traded as low as $244.50 and last traded at $248.80. 419,902 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 1,067,546 shares. The stock had previously closed at $262.94.

MicroSectors Gold Miners 3x Leveraged ETN Price Performance

The business has a 50 day moving average of $283.35 and a 200 day moving average of $257.93. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 21.92 and a beta of 2.13.

Institutional Trading of 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 purchased a new stake in MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 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 at the end of the most recent reporting period.

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.