MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Sees Large Volume Increase – Time to Buy?

Shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) saw unusually-strong trading volume on Friday . 1,713,445 shares were traded during mid-day trading, an increase of 37% from the previous session’s volume of 1,252,586 shares.The stock last traded at $132.07 and had previously closed at $107.57.

MicroSectors Gold Miners 3x Leveraged ETN Price Performance

The firm has a market capitalization of $1.11 billion, a PE ratio of 21.92 and a beta of 1.93. The stock’s 50-day moving average price is $96.85 and its 200 day moving average price is $208.15.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in MicroSectors Gold Miners 3x Leveraged ETN stock. Gamco Investors INC. ET AL bought a new stake in shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 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.