MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Shares Up 13.7% – Here’s Why

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) shares traded up 13.7% during mid-day trading on Friday . The stock traded as high as $333.34 and last traded at $338.8380. 259,963 shares changed hands during trading, a decline of 68% from the average session volume of 804,875 shares. The stock had previously closed at $298.00.

MicroSectors Gold Miners 3x Leveraged ETN Price Performance

The business’s 50 day moving average price is $309.54 and its 200 day moving average price is $208.58. The stock has a market capitalization of $2.95 billion, a P/E 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 bought a new stake in MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 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.