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

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $298.69, but opened at $255.89. MicroSectors Gold Miners 3x Leveraged ETN shares last traded at $241.2290, with a volume of 315,513 shares changing hands.

MicroSectors Gold Miners 3x Leveraged ETN Stock Performance

The firm has a market capitalization of $2.08 billion, a P/E ratio of 21.92 and a beta of 2.02. The firm has a 50-day moving average of $198.19 and a 200-day moving average of $147.45.

Institutional Investors Weigh In On MicroSectors Gold Miners 3x Leveraged ETN

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

About MicroSectors Gold Miners 3x Leveraged ETN

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.