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

Shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $87.50, but opened at $102.18. MicroSectors Gold Miners 3x Leveraged ETN shares last traded at $103.75, with a volume of 1,329,674 shares.

MicroSectors Gold Miners 3x Leveraged ETN Price Performance

The stock has a market cap of $922.25 million, a P/E ratio of 21.92 and a beta of 1.93. The firm’s 50-day moving average price is $98.40 and its 200-day moving average price is $211.48.

Hedge Funds Weigh In On MicroSectors Gold Miners 3x Leveraged ETN

An institutional investor recently bought a new stake in MicroSectors Gold Miners 3x Leveraged ETN stock. Gamco Investors INC. ET AL bought a new stake in shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUFree Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,000 shares of the company’s stock, valued at approximately $205,000.

MicroSectors Gold Miners 3x Leveraged ETN Company Profile

(Get Free Report)

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.

Further Reading

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