MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Trading Up 12.7% – Here’s Why

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU)’s stock price rose 12.7% during trading on Monday . The company traded as high as $283.76 and last traded at $272.7680. Approximately 388,620 shares traded hands during trading, a decline of 19% from the average daily volume of 477,136 shares. The stock had previously closed at $242.06.

MicroSectors Gold Miners 3x Leveraged ETN Stock Performance

The company has a 50 day simple moving average of $205.10 and a two-hundred day simple moving average of $153.22. The firm has a market cap of $2.32 billion, a PE ratio of 21.92 and a beta of 2.02.

Hedge Funds Weigh In On 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 purchased a new position in shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) during the 3rd quarter, according to its most recent filing with the Securities and 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.