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

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $348.91, but opened at $376.83. MicroSectors Gold Miners 3x Leveraged ETN shares last traded at $358.00, with a volume of 256,716 shares.

MicroSectors Gold Miners 3x Leveraged ETN Price Performance

The company has a market capitalization of $3.03 billion, a P/E ratio of 21.92 and a beta of 2.02. The firm’s 50-day moving average is $348.34 and its 200-day moving average is $238.38.

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. Jump Financial LLC bought a new position in MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 20,597 shares of the company’s stock, valued at approximately $5,019,000. Jump Financial LLC owned approximately 0.24% of MicroSectors Gold Miners 3x Leveraged ETN at the end of the most recent quarter.

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.