MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Trading 4.3% Higher – Here’s Why

Shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report) shot up 4.3% during trading on Tuesday . The company traded as high as $266.73 and last traded at $256.2990. 264,020 shares were traded during trading, a decline of 65% from the average session volume of 764,110 shares. The stock had previously closed at $245.68.

MicroSectors Gold Miners 3x Leveraged ETN Price Performance

The company’s 50-day simple moving average is $198.53 and its two-hundred day simple moving average is $148.61. The firm has a market capitalization of $2.20 billion, a P/E ratio of 21.92 and a beta of 2.02.

Hedge Funds 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. Gamco Investors INC. ET AL acquired a new position in MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUFree Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,000 shares of the company’s stock, valued at approximately $205,000.

MicroSectors Gold Miners 3x Leveraged ETN Company Profile

(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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