MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Trading Up 5.7% – Still a Buy?

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report)’s share price was up 5.7% on Monday . The stock traded as high as $41.70 and last traded at $41.42. Approximately 201,837 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 827,190 shares. The stock had previously closed at $39.18.

MicroSectors Gold Miners 3x Leveraged ETN Trading Up 7.1 %

The firm has a market cap of $30.59 billion, a price-to-earnings ratio of 24.08 and a beta of 2.79. The stock’s fifty day moving average price is $33.40 and its 200-day moving average price is $40.51.

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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