MicroSectors Gold Miners 3X Leveraged ETNs company info

What does MicroSectors Gold Miners 3X Leveraged ETNs do?
MicroSectors Gold Miners 3X Leveraged ETNs (NYSEARCA:GDXU) offers exchange-traded notes that are designed to provide three times the daily leveraged return of an index of global gold mining companies. These financial instruments are traded on the New York Stock Exchange Arca. The main objective is to afford investors the opportunity to amplify their exposure to the gold mining sector. This includes investments in a wide range of gold mining companies, from those engaged in exploration to those involved in actual gold production. By leveraging returns, the ETN aims to cater to those looking for a more aggressive investment stance towards the gold mining industry. However, it's important to note that this approach also carries a higher level of risk, including the potential for significant volatility and the possibility of loss.
MicroSectors Gold Miners 3X Leveraged ETNs company media
Company Snapshot

Is MicroSectors Gold Miners 3X Leveraged ETNs a public or private company?

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Ownership
Public

How many people does MicroSectors Gold Miners 3X Leveraged ETNs employ?

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Employees
13

What sector is MicroSectors Gold Miners 3X Leveraged ETNs in?

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Sector
ETF

Where is the head office for MicroSectors Gold Miners 3X Leveraged ETNs?

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Head Office
Miami, United States

What year was MicroSectors Gold Miners 3X Leveraged ETNs founded?

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Year Founded
2020
What does MicroSectors Gold Miners 3X Leveraged ETNs specialise in?
/Leveraged Investment /Gold Mining /Exchange-Traded Notes /Financial Products /Risk Management /Market Exposure

What are the products and/or services of MicroSectors Gold Miners 3X Leveraged ETNs?

Overview of MicroSectors Gold Miners 3X Leveraged ETNs offerings
Triple Leveraged Daily Performance of Gold Miner Index: GDXU offers investors three times the leveraged daily return of the S-Network MicroSectors Gold Miners Index. This means it aims to deliver returns that are three times the daily performance of the index, amplifying both gains and losses.
Exposure to Gold Mining Industry: GDXU provides exposure to the performance of companies involved in gold mining. The underlying index tracks a combination of two ETFs: VanEck Gold Miners ETF (GDX) and VanEck Junior Gold Miners ETF (GDXJ).
Passive Management: GDXU passively tracks the composition of the S-Network MicroSectors Gold Miners Index. The ETN holds the same companies as the index, in similar proportions, and doesn't involve active selection of stocks by fund managers.
Potential for Amplified Capital Appreciation: Due to the leverage, GDXU has the potential for significantly magnified capital appreciation if gold prices and, consequently, gold mining companies' stock prices increase.
Amplified Downside Risk: The leverage also magnifies potential losses. If gold prices fall and mining companies' stocks decline, GDXU will suffer amplified losses compared to a non-leveraged ETF tracking the same index.
Volatility: Because of the leveraged nature, GDXU's price can be much more volatile than the underlying gold miners index or even the price of gold itself. This means the ETN's price can fluctuate dramatically on a day-to-day basis.