MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Stock Price Up 11% – Here’s Why

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) shares shot up 11% on Wednesday . The company traded as high as $184.00 and last traded at $176.18. 933,000 shares changed hands during mid-day trading, a decline of 5% from the average session volume of 985,370 shares. The stock had previously closed at $158.76.

MicroSectors Gold Miners 3x Leveraged ETN Stock Performance

The firm has a fifty day simple moving average of $339.11 and a 200-day simple moving average of $252.97. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 21.92 and a beta of 2.02.

Institutional Trading of 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) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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.