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

Shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) gapped up prior to trading on Wednesday . The stock had previously closed at $354.00, but opened at $380.54. MicroSectors Gold Miners 3x Leveraged ETN shares last traded at $356.1410, with a volume of 338,442 shares traded.

MicroSectors Gold Miners 3x Leveraged ETN Stock Up 4.2%

The company has a market capitalization of $3.13 billion, a PE ratio of 21.92 and a beta of 2.02. The company’s 50 day moving average is $304.24 and its two-hundred day moving average is $206.72.

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 & Exchange Commission. The fund bought 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.