MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Trading Up 7.7% – Should You Buy?

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report) was up 7.7% on Monday . The company traded as high as $233.66 and last traded at $228.52. Approximately 890,984 shares traded hands during mid-day trading, an increase of 17% from the average daily volume of 764,007 shares. The stock had previously closed at $212.24.

MicroSectors Gold Miners 3x Leveraged ETN Stock Performance

The business has a 50 day moving average price of $159.80 and a two-hundred day moving average price of $101.79. The stock has a market cap of $1.94 billion, a PE ratio of 21.92 and a beta of 2.47.

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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