MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Sees Unusually-High Trading Volume – Still a Buy?

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) shares saw an uptick in trading volume on Thursday . 2,080,647 shares were traded during trading, an increase of 145% from the previous session’s volume of 848,175 shares.The stock last traded at $149.29 and had previously closed at $192.54.

MicroSectors Gold Miners 3x Leveraged ETN Stock Performance

The firm has a 50 day moving average price of $351.89 and a two-hundred day moving average price of $251.36. The company has a market capitalization of $1.25 billion, a P/E ratio of 21.92 and a beta of 2.02.

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. Jump Financial LLC purchased a new stake in MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 20,597 shares of the company’s stock, valued at approximately $5,019,000. Jump Financial LLC owned approximately 0.24% of MicroSectors Gold Miners 3x Leveraged ETN at the end of the most recent reporting period.

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.