MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Shares Gap Up – Here’s What Happened

Shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report) gapped up prior to trading on Friday . The stock had previously closed at $239.97, but opened at $255.82. MicroSectors Gold Miners 3x Leveraged ETN shares last traded at $263.00, with a volume of 339,540 shares traded.

MicroSectors Gold Miners 3x Leveraged ETN Stock Performance

The company has a market capitalization of $2.21 billion, a P/E ratio of 21.92 and a beta of 2.13. The business’s fifty day simple moving average is $282.53 and its 200-day simple moving average is $258.73.

Institutional Trading of 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 purchased a new position in shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUFree Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,000 shares of the company’s stock, valued at approximately $205,000.

About MicroSectors Gold Miners 3x Leveraged ETN

(Get Free Report)

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.

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