MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Shares Gap Up – Time to Buy?

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $308.75, but opened at $325.00. MicroSectors Gold Miners 3x Leveraged ETN shares last traded at $338.6370, with a volume of 286,651 shares changing hands.

MicroSectors Gold Miners 3x Leveraged ETN Stock Up 5.2%

The company has a market capitalization of $2.76 billion, a P/E ratio of 21.92 and a beta of 2.02. The firm’s 50-day moving average price is $317.35 and its 200 day moving average price is $216.15.

Institutional Investors 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. Jump Financial LLC bought a new position in MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUFree Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 20,597 shares of the company’s stock, valued at approximately $5,019,000. Jump Financial LLC owned approximately 0.24% of MicroSectors Gold Miners 3x Leveraged ETN as of its most recent SEC filing.

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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