Shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU – Get Free Report) dropped 6.8% on Monday . The company traded as low as $120.51 and last traded at $121.60. 674,561 shares were traded during trading, a decline of 46% from the average daily volume of 1,258,415 shares. The stock had previously closed at $130.43.
MicroSectors Gold Miners 3x Leveraged ETN Trading Down 0.8%
The stock has a 50 day moving average of $96.19 and a 200-day moving average of $206.64. The company has a market capitalization of $1.10 billion, a P/E ratio of 21.92 and a beta of 1.93.
Hedge Funds 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 purchased a new position in MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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.
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