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

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $124.17, but opened at $144.63. MicroSectors Gold Miners 3x Leveraged ETN shares last traded at $149.40, with a volume of 1,147,166 shares changing hands.

MicroSectors Gold Miners 3x Leveraged ETN Price Performance

The business has a fifty day moving average of $96.78 and a 200-day moving average of $190.75. The stock has a market cap of $1.33 billion, a PE ratio of 21.92 and a beta of 1.93.

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

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.

Further Reading

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