MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Sees Strong Trading Volume – Here’s What Happened

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) saw an uptick in trading volume on Friday . 693,264 shares were traded during trading, a decline of 38% from the previous session’s volume of 1,115,283 shares.The stock last traded at $101.11 and had previously closed at $98.50.

MicroSectors Gold Miners 3x Leveraged ETN Trading Up 8.5%

The firm has a 50-day moving average of $183.27 and a 200-day moving average of $254.53. The stock has a market capitalization of $908.57 million, a price-to-earnings ratio of 21.92 and a beta of 1.79.

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

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

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.