MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Shares Up 8.3% – Time to Buy?

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report) traded up 8.3% during trading on Wednesday . The company traded as high as $192.00 and last traded at $193.3280. 304,033 shares were traded during mid-day trading, a decline of 61% from the average session volume of 777,387 shares. The stock had previously closed at $178.51.

MicroSectors Gold Miners 3x Leveraged ETN Stock Performance

The stock has a market capitalization of $1.67 billion, a PE ratio of 21.92 and a beta of 2.02. The company’s fifty day simple moving average is $176.40 and its two-hundred day simple moving average is $112.23.

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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