MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Sets New 12-Month High – Here’s What Happened

Shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) hit a new 52-week high during trading on Monday . The stock traded as high as $294.67 and last traded at $291.9860, with a volume of 259896 shares. The stock had previously closed at $260.55.

MicroSectors Gold Miners 3x Leveraged ETN Stock Performance

The company’s fifty day simple moving average is $195.46 and its two-hundred day simple moving average is $142.96. The stock has a market capitalization of $2.41 billion, a P/E ratio of 21.92 and a beta of 2.02.

Institutional Inflows and Outflows

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) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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.