MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Sees Large Volume Increase – Still a Buy?

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) saw unusually-high trading volume on Thursday . Approximately 1,129,146 shares traded hands during trading, a decline of 2% from the previous session’s volume of 1,148,599 shares.The stock last traded at $122.38 and had previously closed at $122.95.

MicroSectors Gold Miners 3x Leveraged ETN Stock Performance

The company has a market cap of $952 million, a PE ratio of 21.92 and a beta of 1.79. The company has a 50 day simple moving average of $175.65 and a two-hundred day simple moving average of $252.52.

Institutional Investors 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. Jump Financial LLC bought a new position in shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 20,597 shares of the company’s stock, valued at approximately $5,019,000. Jump Financial LLC owned 0.24% of MicroSectors Gold Miners 3x Leveraged ETN as of its most recent SEC filing.

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.