MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU – Get Free Report) traded up 6.9% on Friday . The stock traded as high as $134.98 and last traded at $131.85. Approximately 690,280 shares were traded during mid-day trading, a decline of 45% from the average session volume of 1,264,734 shares. The stock had previously closed at $123.34.
MicroSectors Gold Miners 3x Leveraged ETN Price Performance
The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 21.92 and a beta of 1.93. The company’s fifty day moving average price is $95.06 and its 200-day moving average price is $198.39.
Institutional Trading of MicroSectors Gold Miners 3x Leveraged ETN
A hedge fund recently bought a new position in MicroSectors Gold Miners 3x Leveraged ETN stock. Gamco Investors INC. ET AL purchased a new stake in shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU – Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 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.
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