MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Shares Gap Up – Here’s Why

Shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $134.27, but opened at $142.23. MicroSectors Gold Miners 3x Leveraged ETN shares last traded at $137.95, with a volume of 366,872 shares traded.

MicroSectors Gold Miners 3x Leveraged ETN Price Performance

The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 21.92 and a beta of 2.11. The stock has a 50 day simple moving average of $122.32 and a two-hundred day simple moving average of $165.12.

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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