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

Shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) saw unusually-strong trading volume on Wednesday . 636,615 shares changed hands during mid-day trading, a decline of 48% from the previous session’s volume of 1,221,400 shares.The stock last traded at $88.04 and had previously closed at $77.94.

MicroSectors Gold Miners 3x Leveraged ETN Trading Down 7.5%

The company has a market cap of $676.68 million, a price-to-earnings ratio of 21.92 and a beta of 1.91. The company has a fifty day moving average price of $109.26 and a two-hundred day moving average price of $224.16.

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

An institutional investor recently bought a new stake in MicroSectors Gold Miners 3x Leveraged ETN stock. Jump Financial LLC purchased a new stake 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 and Exchange Commission. The fund purchased 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.