MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Shares Up 10.6% – Should You Buy?

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) traded up 10.6% during trading on Monday . The stock traded as high as $415.99 and last traded at $411.4270. 259,199 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 787,930 shares. The stock had previously closed at $372.15.

MicroSectors Gold Miners 3x Leveraged ETN Stock Up 10.6%

The stock’s fifty day moving average is $324.07 and its two-hundred day moving average is $221.77. The firm has a market capitalization of $3.50 billion, a price-to-earnings ratio of 21.92 and a beta of 2.02.

Hedge Funds 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. Gamco Investors INC. ET AL acquired a new stake in MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 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.