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

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) saw unusually-strong trading volume on Thursday . 756,361 shares changed hands during mid-day trading, a decline of 41% from the previous session’s volume of 1,275,990 shares.The stock last traded at $161.67 and had previously closed at $158.63.

MicroSectors Gold Miners 3x Leveraged ETN Stock Performance

The firm’s 50 day simple moving average is $98.27 and its 200-day simple moving average is $188.61. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 21.92 and a beta of 1.93.

Hedge Funds Weigh In On MicroSectors Gold Miners 3x Leveraged ETN

An institutional investor recently bought a new position in MicroSectors Gold Miners 3x Leveraged ETN stock. Jump Financial LLC purchased a new position in shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 20,597 shares of the company’s stock, valued at approximately $5,019,000. Jump Financial LLC owned about 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.