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

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $279.69, but opened at $333.00. MicroSectors Gold Miners 3x Leveraged ETN shares last traded at $320.7780, with a volume of 342,964 shares.

MicroSectors Gold Miners 3x Leveraged ETN Stock Up 12.2%

The company has a market cap of $2.67 billion, a PE ratio of 21.92 and a beta of 2.02. The business’s 50 day moving average price is $291.17 and its 200-day moving average price is $196.48.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in MicroSectors Gold Miners 3x Leveraged ETN stock. Gamco Investors INC. ET AL bought a new position in MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 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.