MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Stock Price Up 11% – Here’s Why

Shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) rose 11% during mid-day trading on Wednesday . The stock traded as high as $184.00 and last traded at $176.18. Approximately 933,000 shares were traded during trading, a decline of 5% from the average daily volume of 985,370 shares. The stock had previously closed at $158.76.

MicroSectors Gold Miners 3x Leveraged ETN Stock Up 11.9%

The business has a fifty day moving average price of $339.11 and a 200-day moving average price of $252.97. The company has a market cap of $1.51 billion, a P/E ratio of 21.92 and a beta of 2.02.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in MicroSectors Gold Miners 3x Leveraged ETN stock. Gamco Investors INC. ET AL acquired a new position in shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 1,000 shares of the company’s stock, valued at approximately $205,000.

About MicroSectors Gold Miners 3x Leveraged ETN

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.