MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Sees Strong Trading Volume – Should You Buy?

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report) shares saw an uptick in trading volume on Thursday . 487,202 shares were traded during trading, a decline of 52% from the previous session’s volume of 1,013,402 shares.The stock last traded at $34.39 and had previously closed at $33.73.

MicroSectors Gold Miners 3x Leveraged ETN Stock Performance

The stock has a market capitalization of $25.01 billion, a price-to-earnings ratio of 24.08 and a beta of 2.79. The business has a fifty day simple moving average of $33.67 and a 200 day simple moving average of $41.00.

About MicroSectors Gold Miners 3x Leveraged ETN

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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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