MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Shares Gap Down – Time to Sell?
by Scott Moore · The Cerbat GemMicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU – Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $250.23, but opened at $241.52. MicroSectors Gold Miners 3x Leveraged ETN shares last traded at $243.25, with a volume of 183,469 shares.
MicroSectors Gold Miners 3x Leveraged ETN Trading Down 11.5%
The stock has a market capitalization of $1.88 billion, a P/E ratio of 21.92 and a beta of 2.13. The stock’s 50 day simple moving average is $280.47 and its 200 day simple moving average is $259.36.
Institutional Inflows and Outflows
An institutional investor recently bought a new position 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) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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.