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

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $84.75, but opened at $93.74. MicroSectors Gold Miners 3x Leveraged ETN shares last traded at $97.95, with a volume of 808,978 shares.

MicroSectors Gold Miners 3x Leveraged ETN Trading Up 12.3%

The company has a market cap of $808.69 million, a price-to-earnings ratio of 21.92 and a beta of 1.91. The firm’s fifty day simple moving average is $145.46 and its 200 day simple moving average is $244.04.

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. Gamco Investors INC. ET AL purchased a new stake in MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,000 shares of the company’s stock, valued at approximately $205,000.

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.