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

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) shares gapped up before the market opened on Tuesday . The stock had previously closed at $67.54, but opened at $72.66. MicroSectors Gold Miners 3x Leveraged ETN shares last traded at $72.59, with a volume of 358,381 shares.

MicroSectors Gold Miners 3x Leveraged ETN Stock Up 10.3%

The stock has a 50 day moving average of $117.10 and a 200 day moving average of $227.58. The company has a market capitalization of $633.08 million, a price-to-earnings ratio of 21.92 and a beta of 1.91.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in MicroSectors Gold Miners 3x Leveraged ETN stock. Jump Financial LLC acquired a new stake in MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor 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.

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.