MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Trading 7.9% Higher – Time to Buy?

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report)’s share price traded up 7.9% during trading on Wednesday . The company traded as high as $42.16 and last traded at $41.61. 301,744 shares changed hands during trading, a decline of 71% from the average session volume of 1,040,625 shares. The stock had previously closed at $38.57.

MicroSectors Gold Miners 3x Leveraged ETN Trading Down 8.3 %

The company’s 50 day simple moving average is $43.55 and its 200 day simple moving average is $41.98. The stock has a market capitalization of $24.73 billion, a PE ratio of 24.08 and a beta of 2.79.

MicroSectors Gold Miners 3x Leveraged ETN Company Profile

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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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