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

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

MicroSectors Gold Miners 3x Leveraged ETN Price Performance

The company’s 50-day simple moving average is $125.63 and its two-hundred day simple moving average is $158.10. The firm has a market capitalization 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

(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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