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

Shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) saw an uptick in trading volume on Friday . 967,915 shares traded hands during trading, a decline of 27% from the previous session’s volume of 1,321,600 shares.The stock last traded at $156.84 and had previously closed at $145.00.

MicroSectors Gold Miners 3x Leveraged ETN Stock Performance

The stock has a market capitalization of $1.28 billion, a P/E ratio of 21.92 and a beta of 2.11. The firm’s fifty day simple moving average is $119.52 and its 200 day simple moving average is $170.97.

Institutional Investors Weigh In On MicroSectors Gold Miners 3x Leveraged ETN

An institutional investor recently bought a new position in MicroSectors Gold Miners 3x Leveraged ETN stock. Jump Financial LLC purchased a new position in shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 20,597 shares of the company’s stock, valued at approximately $5,019,000. Jump Financial LLC owned 0.24% of MicroSectors Gold Miners 3x Leveraged ETN at the end of the most recent quarter.

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.