MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Trading 8.8% Higher – Time to Buy?

Shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report) shot up 8.8% during mid-day trading on Tuesday . The company traded as high as $346.00 and last traded at $345.61. 536,069 shares were traded during mid-day trading, a decline of 33% from the average session volume of 802,722 shares. The stock had previously closed at $317.77.

MicroSectors Gold Miners 3x Leveraged ETN Price Performance

The firm’s 50 day moving average price is $354.74 and its 200 day moving average price is $246.86. The stock has a market capitalization of $2.59 billion, a P/E ratio of 21.92 and a beta of 2.02.

Institutional Investors Weigh In On MicroSectors Gold Miners 3x Leveraged ETN

A hedge fund recently bought a new stake in MicroSectors Gold Miners 3x Leveraged ETN stock. Jump Financial LLC acquired a new position in MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUFree Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 20,597 shares of the company’s stock, valued at approximately $5,019,000. Jump Financial LLC owned about 0.24% of MicroSectors Gold Miners 3x Leveraged ETN as of its most recent filing with the SEC.

About MicroSectors Gold Miners 3x Leveraged ETN

(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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