MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Trading 9.3% Higher – Time to Buy?

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU)’s share price traded up 9.3% during mid-day trading on Thursday . The stock traded as high as $85.05 and last traded at $84.85. Approximately 1,106,703 shares traded hands during mid-day trading, a decline of 10% from the average session volume of 1,225,181 shares. The stock had previously closed at $77.63.

MicroSectors Gold Miners 3x Leveraged ETN Trading Down 1.2%

The firm has a market cap of $714.09 million, a PE ratio of 21.92 and a beta of 1.91. The stock’s 50 day moving average price is $130.84 and its 200 day moving average price is $236.46.

Institutional Inflows and Outflows

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:GDXU) during the 3rd quarter, according to its most recent filing with the SEC. The firm bought 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.