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

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) gapped up prior to trading on Thursday . The stock had previously closed at $82.63, but opened at $89.44. MicroSectors Gold Miners 3x Leveraged ETN shares last traded at $84.00, with a volume of 791,430 shares changing hands.

MicroSectors Gold Miners 3x Leveraged ETN Price Performance

The stock’s 50-day moving average price is $161.89 and its 200 day moving average price is $248.62. The firm has a market cap of $753.18 million, a P/E ratio of 21.92 and a beta of 1.79.

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 position in shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,000 shares of the company’s stock, valued at approximately $205,000.

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.