MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Shares Up 7.7% – Still a Buy?

by · The Cerbat Gem

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU – Get Free Report)’s share price traded up 7.7% during trading on Friday . The stock traded as high as $260.54 and last traded at $260.60. 186,453 shares were traded during trading, a decline of 76% from the average session volume of 765,859 shares. The stock had previously closed at $241.96.

MicroSectors Gold Miners 3x Leveraged ETN Stock Performance

The stock has a market cap of $2.24 billion, a P/E ratio of 21.92 and a beta of 2.02. The stock has a 50-day moving average price of $191.60 and a 200-day moving average price of $137.92.

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. Gamco Investors INC. ET AL acquired a new stake in shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU – Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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

(Get Free Report)

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.

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