MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Shares Up 10.8% – What’s Next?

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) shares rose 10.8% during mid-day trading on Thursday . The stock traded as high as $427.68 and last traded at $431.0880. Approximately 226,670 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 588,955 shares. The stock had previously closed at $389.10.

MicroSectors Gold Miners 3x Leveraged ETN Trading Up 5.6%

The firm’s 50-day moving average price is $261.07 and its 200 day moving average price is $180.28. The company has a market cap of $3.93 billion, a price-to-earnings ratio of 21.92 and a beta of 2.02.

Hedge Funds Weigh In On MicroSectors Gold Miners 3x Leveraged ETN

An institutional investor recently bought a new position in MicroSectors Gold Miners 3x Leveraged ETN stock. Gamco Investors INC. ET AL purchased a new stake in MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) in the 3rd quarter, according to the company in its most recent Form 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.