MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Sees Strong Trading Volume – Here’s What Happened

Shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) saw unusually-high trading volume on Thursday . 916,270 shares traded hands during mid-day trading, a decline of 30% from the previous session’s volume of 1,312,747 shares.The stock last traded at $166.35 and had previously closed at $156.00.

MicroSectors Gold Miners 3x Leveraged ETN Trading Down 6.9%

The firm has a 50-day moving average of $114.03 and a two-hundred day moving average of $177.33. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 21.92 and a beta of 2.11.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in MicroSectors Gold Miners 3x Leveraged ETN stock. Gamco Investors INC. ET AL acquired a new stake in MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,000 shares of the company’s stock, valued at approximately $205,000.

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.