MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU – Get Free Report) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $64.45 and last traded at $65.31, with a volume of 318546 shares trading hands. The stock had previously closed at $69.89.
MicroSectors Gold Miners 3x Leveraged ETN Price Performance
The business has a 50 day simple moving average of $120.21 and a 200 day simple moving average of $229.00. The company has a market cap of $587.69 million, a price-to-earnings ratio of 21.92 and a beta of 1.91.
Institutional Inflows and Outflows
A hedge fund recently bought a new position in MicroSectors Gold Miners 3x Leveraged ETN stock. Gamco Investors INC. ET AL acquired a new stake in MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. 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.
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