MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Shares Up 12.4% – Here’s What Happened

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report)’s stock price shot up 12.4% during trading on Tuesday . The stock traded as high as $158.92 and last traded at $158.75. 956,303 shares changed hands during trading, a decline of 10% from the average session volume of 1,067,073 shares. The stock had previously closed at $141.26.

MicroSectors Gold Miners 3x Leveraged ETN Price Performance

The company has a market capitalization of $1.35 billion, a P/E ratio of 21.92 and a beta of 1.82. The company has a fifty day moving average price of $197.15 and a 200 day moving average price of $257.88.

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 position in MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUFree Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,000 shares of the company’s stock, valued at approximately $205,000.

MicroSectors Gold Miners 3x Leveraged ETN Company Profile

(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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