MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Trading Up 9.9% – What’s Next?

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU)’s stock price traded up 9.9% on Wednesday . The stock traded as high as $94.00 and last traded at $93.73. Approximately 1,135,375 shares traded hands during mid-day trading, a decline of 5% from the average daily volume of 1,189,671 shares. The stock had previously closed at $85.27.

MicroSectors Gold Miners 3x Leveraged ETN Stock Performance

The stock has a market cap of $814.22 million, a P/E ratio of 21.92 and a beta of 1.91. The stock has a 50-day moving average price of $143.30 and a 200-day moving average price of $243.00.

Institutional Investors 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 purchased a new position in MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 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.

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.