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 before the market opened on Tuesday . The stock had previously closed at $197.75, but opened at $181.38. MicroSectors Gold Miners 3x Leveraged ETN shares last traded at $180.00, with a volume of 307,132 shares traded.

MicroSectors Gold Miners 3x Leveraged ETN Stock Up 9.5%

The company has a market cap of $1.47 billion, a price-to-earnings ratio of 21.92 and a beta of 2.13. The business’s fifty day simple moving average is $260.14 and its two-hundred day simple moving average is $258.14.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in MicroSectors Gold Miners 3x Leveraged ETN stock. Gamco Investors INC. ET AL acquired a new stake in MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,000 shares of the company’s stock, valued at approximately $205,000.

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.