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

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report) gapped down prior to trading on Monday . The stock had previously closed at $37.31, but opened at $36.46. MicroSectors Gold Miners 3x Leveraged ETN shares last traded at $35.21, with a volume of 275,315 shares changing hands.

MicroSectors Gold Miners 3x Leveraged ETN Price Performance

The stock has a market capitalization of $25.56 billion, a price-to-earnings ratio of 24.08 and a beta of 2.79. The stock has a 50 day moving average price of $45.76 and a 200-day moving average price of $42.33.

MicroSectors Gold Miners 3x Leveraged ETN Company Profile

(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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