MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Shares Down 4.6% – Time to Sell?

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report)’s stock price traded down 4.6% on Monday . The company traded as low as $133.33 and last traded at $135.07. 640,757 shares changed hands during mid-day trading, a decline of 52% from the average session volume of 1,326,889 shares. The stock had previously closed at $141.51.

MicroSectors Gold Miners 3x Leveraged ETN Price Performance

The business has a 50-day moving average of $125.63 and a two-hundred day moving average of $158.10. The company has a market cap of $1.16 billion, a P/E ratio of 21.92 and a beta of 2.11.

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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