MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Trading Up 7.8% – Here’s What Happened

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU)’s share price shot up 7.8% during mid-day trading on Friday . The company traded as high as $187.00 and last traded at $183.78. 1,021,294 shares traded hands during mid-day trading, a decline of 20% from the average daily volume of 1,284,255 shares. The stock had previously closed at $170.52.

MicroSectors Gold Miners 3x Leveraged ETN Trading Up 8.6%

The business’s fifty day simple moving average is $101.27 and its 200 day simple moving average is $187.79. The stock has a market cap of $1.57 billion, a P/E ratio of 21.92 and a beta of 1.93.

Hedge Funds Weigh In On 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 MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,000 shares of the company’s stock, valued at approximately $205,000.

MicroSectors Gold Miners 3x Leveraged ETN Company Profile

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.