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

Shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) gapped up before the market opened on Wednesday . The stock had previously closed at $348.91, but opened at $376.83. MicroSectors Gold Miners 3x Leveraged ETN shares last traded at $358.00, with a volume of 256,716 shares trading hands.

MicroSectors Gold Miners 3x Leveraged ETN Price Performance

The company has a 50-day moving average price of $348.34 and a 200 day moving average price of $238.38. The firm has a market capitalization of $3.03 billion, a PE ratio of 21.92 and a beta of 2.02.

Institutional Investors Weigh In On MicroSectors Gold Miners 3x Leveraged ETN

A hedge fund recently bought a new stake in MicroSectors Gold Miners 3x Leveraged ETN stock. Jump Financial LLC bought a new position in MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 20,597 shares of the company’s stock, valued at approximately $5,019,000. Jump Financial LLC owned approximately 0.24% of MicroSectors Gold Miners 3x Leveraged ETN as of its most recent filing with the Securities & Exchange Commission.

About MicroSectors Gold Miners 3x Leveraged ETN

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.