MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Shares Down 10.1% – Here’s What Happened

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) fell 10.1% during trading on Tuesday . The stock traded as low as $92.81 and last traded at $98.90. 374,937 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 1,152,228 shares. The stock had previously closed at $109.97.

MicroSectors Gold Miners 3x Leveraged ETN Trading Down 12.3%

The firm has a market cap of $702.36 million, a P/E ratio of 21.92 and a beta of 1.79. The business’s 50-day moving average is $161.89 and its two-hundred day moving average is $248.62.

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 position in shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor 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.

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.