MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Stock Price Up 8.8% – Time to Buy?

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU)’s share price shot up 8.8% during trading on Tuesday . The company traded as high as $346.00 and last traded at $345.61. 536,069 shares changed hands during mid-day trading, a decline of 33% from the average session volume of 802,722 shares. The stock had previously closed at $317.77.

MicroSectors Gold Miners 3x Leveraged ETN Stock Performance

The business’s 50-day moving average is $352.04 and its two-hundred day moving average is $244.88. The stock has a market capitalization of $2.91 billion, a PE ratio of 21.92 and a beta of 2.02.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in MicroSectors Gold Miners 3x Leveraged ETN stock. Jump Financial LLC purchased a new position in shares of 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 0.24% of MicroSectors Gold Miners 3x Leveraged ETN as of its most recent SEC filing.

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.