MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Sees Strong Trading Volume – Should You Buy?

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report) shares saw strong trading volume on Thursday . Approximately 756,361 shares were traded during trading, a decline of 41% from the previous session’s volume of 1,275,990 shares.The stock last traded at $161.67 and had previously closed at $158.63.

MicroSectors Gold Miners 3x Leveraged ETN Stock Performance

The stock has a market capitalization of $1.43 billion, a PE ratio of 21.92 and a beta of 1.93. The stock’s 50 day moving average is $98.27 and its two-hundred day moving average is $188.61.

Hedge Funds Weigh In On MicroSectors Gold Miners 3x Leveraged ETN

An institutional investor recently bought a new stake in MicroSectors Gold Miners 3x Leveraged ETN stock. Jump Financial LLC purchased a new position in MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUFree Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 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 at the end of the most recent reporting period.

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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