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

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) shares gapped up prior to trading on Thursday . The stock had previously closed at $158.02, but opened at $173.41. MicroSectors Gold Miners 3x Leveraged ETN shares last traded at $166.90, with a volume of 295,421 shares trading hands.

MicroSectors Gold Miners 3x Leveraged ETN Stock Up 7.5%

The firm has a 50 day simple moving average of $260.14 and a 200-day simple moving average of $258.14. The company has a market cap of $1.44 billion, a PE ratio of 21.92 and a beta of 2.13.

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 the company in its most recent filing with the Securities & Exchange Commission. The fund bought 20,597 shares of the company’s stock, valued at approximately $5,019,000. Jump Financial LLC owned about 0.24% of MicroSectors Gold Miners 3x Leveraged ETN at the end of the most recent reporting period.

MicroSectors Gold Miners 3x Leveraged ETN Company Profile

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.