MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Shares Up 5.7% – Time to Buy?

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report) rose 5.7% during mid-day trading on Monday . The company traded as high as $41.70 and last traded at $41.42. Approximately 201,837 shares were traded during 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 Stock Up 4.5 %

The firm has a market cap of $31.14 billion, a price-to-earnings ratio of 24.08 and a beta of 2.79. The company has a 50 day moving average of $33.64 and a 200 day moving average of $40.48.

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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