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

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $107.21, but opened at $128.39. MicroSectors Gold Miners 3x Leveraged ETN shares last traded at $133.36, with a volume of 790,348 shares changing hands.

MicroSectors Gold Miners 3x Leveraged ETN Trading Up 20.8%

The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 21.92 and a beta of 1.79. The stock’s 50 day moving average price is $180.83 and its two-hundred day moving average price is $254.00.

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. Jump Financial LLC purchased a new stake in MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUFree Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 20,597 shares of the company’s stock, valued at approximately $5,019,000. Jump Financial LLC owned approximately 0.24% of MicroSectors Gold Miners 3x Leveraged ETN as of its most recent SEC filing.

About MicroSectors Gold Miners 3x Leveraged ETN

(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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