MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Stock Price Up 13.9% – What’s Next?

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU)’s stock price rose 13.9% during mid-day trading on Thursday . The stock traded as high as $98.88 and last traded at $95.90. Approximately 1,103,197 shares traded hands during trading, a decline of 1% from the average daily volume of 1,112,334 shares. The stock had previously closed at $84.16.

MicroSectors Gold Miners 3x Leveraged ETN Stock Performance

The firm has a 50-day moving average price of $185.32 and a two-hundred day moving average price of $254.93. The firm has a market cap of $826.63 million, a price-to-earnings ratio of 21.92 and a beta of 1.79.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in MicroSectors Gold Miners 3x Leveraged ETN stock. Jump Financial LLC purchased a new stake in MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) in the fourth quarter, according to its most recent Form 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 reporting period.

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.