MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Shares Up 8.9% – Here’s What Happened

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report)’s share price shot up 8.9% during trading on Wednesday . The company traded as high as $151.10 and last traded at $148.64. 831,415 shares traded hands during mid-day trading, a decline of 22% from the average session volume of 1,060,241 shares. The stock had previously closed at $136.55.

MicroSectors Gold Miners 3x Leveraged ETN Stock Up 8.5%

The company has a market capitalization of $1.26 billion, a P/E ratio of 21.92 and a beta of 1.82. The business has a fifty day moving average price of $210.29 and a 200 day moving average price of $257.97.

Institutional Trading of MicroSectors Gold Miners 3x Leveraged ETN

A hedge fund recently bought a new stake in MicroSectors Gold Miners 3x Leveraged ETN stock. Gamco Investors INC. ET AL bought a new stake in MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUFree Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 1,000 shares of the company’s stock, valued at approximately $205,000.

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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