MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Shares Up 5.6% – Time to Buy?

Shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report) shot up 5.6% during trading on Wednesday . The stock traded as high as $38.02 and last traded at $38.02. 189,544 shares were traded during mid-day trading, a decline of 82% from the average session volume of 1,054,502 shares. The stock had previously closed at $36.01.

MicroSectors Gold Miners 3x Leveraged ETN Stock Performance

The company has a market cap of $26.75 billion, a PE ratio of 24.08 and a beta of 2.79. The stock’s 50-day simple moving average is $46.59 and its 200 day simple moving average is $42.45.

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.

Further Reading

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