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

Shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) gapped up prior to trading on Tuesday . The stock had previously closed at $165.77, but opened at $170.91. MicroSectors Gold Miners 3x Leveraged ETN shares last traded at $165.0060, with a volume of 133,894 shares changing hands.

MicroSectors Gold Miners 3x Leveraged ETN Stock Performance

The business has a 50-day simple moving average of $180.03 and a 200-day simple moving average of $115.48. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 21.92 and a beta of 2.02.

Institutional Inflows and Outflows

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 MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) during the third quarter, according to its most recent Form 13F filing with the 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

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.