MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Sees Unusually-High Trading Volume – Here’s Why

Shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report) saw unusually-high trading volume on Thursday . 916,270 shares were traded during trading, a decline of 30% from the previous session’s volume of 1,312,747 shares.The stock last traded at $166.35 and had previously closed at $156.00.

MicroSectors Gold Miners 3x Leveraged ETN Stock Performance

The company’s 50 day simple moving average is $110.88 and its two-hundred day simple moving average is $178.66. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 21.92 and a beta of 1.93.

Institutional Trading of MicroSectors Gold Miners 3x Leveraged ETN

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:GDXUFree Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 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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