MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Sees Unusually-High Trading Volume – Here’s Why

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report) saw an uptick in trading volume on Thursday . 2,080,647 shares changed hands during mid-day trading, an increase of 145% from the previous session’s volume of 848,175 shares.The stock last traded at $149.29 and had previously closed at $192.54.

MicroSectors Gold Miners 3x Leveraged ETN Trading Down 10.8%

The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 21.92 and a beta of 2.02. The company’s 50 day simple moving average is $346.08 and its 200-day simple moving average is $250.88.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in MicroSectors Gold Miners 3x Leveraged ETN stock. Jump Financial LLC purchased a new position in shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 20,597 shares of the company’s stock, valued at approximately $5,019,000. Jump Financial LLC owned 0.24% of MicroSectors Gold Miners 3x Leveraged ETN as of its most recent SEC filing.

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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