MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU – Get Free Report) was down 13.5% on Tuesday . The stock traded as low as $88.80 and last traded at $89.60. Approximately 969,260 shares were traded during mid-day trading, a decline of 12% from the average daily volume of 1,100,776 shares. The stock had previously closed at $103.63.
MicroSectors Gold Miners 3x Leveraged ETN Price Performance
The company’s 50 day moving average is $188.30 and its two-hundred day moving average is $255.95. The firm has a market cap of $820.59 million, a P/E 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. Gamco Investors INC. ET AL purchased a new position in MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 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.
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