MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Reaches New 1-Year High – Here’s Why

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $531.33 and last traded at $464.45, with a volume of 974836 shares trading hands. The stock had previously closed at $462.67.

MicroSectors Gold Miners 3x Leveraged ETN Stock Performance

The company’s 50 day moving average price is $267.04 and its 200-day moving average price is $184.63. The stock has a market cap of $3.95 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

An institutional investor recently bought a new position in MicroSectors Gold Miners 3x Leveraged ETN stock. Gamco Investors INC. ET AL acquired a new position in shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUFree Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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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