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

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) gapped up prior to trading on Tuesday . The stock had previously closed at $76.65, but opened at $86.03. MicroSectors Gold Miners 3x Leveraged ETN shares last traded at $86.00, with a volume of 895,752 shares traded.

MicroSectors Gold Miners 3x Leveraged ETN Stock Performance

The stock has a market capitalization of $725.22 million, a P/E ratio of 21.92 and a beta of 1.91. The stock has a 50-day moving average price of $128.98 and a two-hundred day moving average price of $234.60.

Institutional Trading of MicroSectors Gold Miners 3x Leveraged ETN

An institutional investor recently bought a new position in MicroSectors Gold Miners 3x Leveraged ETN stock. Gamco Investors INC. ET AL bought a new stake in shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,000 shares of the company’s stock, valued at approximately $205,000.

About MicroSectors Gold Miners 3x Leveraged ETN

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.