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

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $98.72, but opened at $88.22. MicroSectors Gold Miners 3x Leveraged ETN shares last traded at $95.00, with a volume of 518,646 shares.

MicroSectors Gold Miners 3x Leveraged ETN Trading Down 9.9%

The business has a 50 day simple moving average of $186.96 and a two-hundred day simple moving average of $255.41. The company has a market cap of $755.65 million, a PE ratio of 21.92 and a beta of 1.79.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in MicroSectors Gold Miners 3x Leveraged ETN stock. Jump Financial LLC bought a new position in MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUFree Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 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 quarter.

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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