MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Shares Gap Up – Still a Buy?

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) shares gapped up prior to trading on Monday . The stock had previously closed at $299.13, but opened at $324.50. MicroSectors Gold Miners 3x Leveraged ETN shares last traded at $339.3190, with a volume of 211,003 shares traded.

MicroSectors Gold Miners 3x Leveraged ETN Price Performance

The company has a market capitalization of $2.84 billion, a P/E ratio of 21.92 and a beta of 2.02. The stock’s fifty day simple moving average is $218.80 and its 200-day simple moving average is $160.71.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in MicroSectors Gold Miners 3x Leveraged ETN stock. Gamco Investors INC. ET AL acquired a new stake in shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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

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.