MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Trading Up 14.5% – What’s Next?

Shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) shot up 14.5% during trading on Friday . The stock traded as high as $297.76 and last traded at $295.9170. 257,211 shares traded hands during trading, a decline of 69% from the average session volume of 816,689 shares. The stock had previously closed at $258.54.

MicroSectors Gold Miners 3x Leveraged ETN Stock Up 16.5%

The stock has a fifty day moving average of $298.69 and a 200-day moving average of $201.93. The firm has a market capitalization of $2.56 billion, a P/E ratio of 21.92 and a beta of 2.02.

Institutional Trading of MicroSectors Gold Miners 3x Leveraged ETN

A hedge fund recently bought a new stake in MicroSectors Gold Miners 3x Leveraged ETN stock. Gamco Investors INC. ET AL acquired a new position in MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund 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.