MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Shares Up 7.3% – Here’s What Happened

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report) shares traded up 7.3% on Wednesday . The company traded as high as $187.65 and last traded at $181.98. 306,890 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 776,695 shares. The stock had previously closed at $169.55.

MicroSectors Gold Miners 3x Leveraged ETN Stock Performance

The company has a market cap of $1.46 billion, a price-to-earnings ratio of 21.92 and a beta of 2.02. The stock’s fifty day moving average is $180.62 and its two-hundred day moving average is $116.27.

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 acquired a new stake in MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUFree Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,000 shares of the company’s stock, valued at approximately $205,000.

MicroSectors Gold Miners 3x Leveraged ETN Company Profile

(Get Free Report)

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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