MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Shares Gap Down – Should You Sell?

Shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) gapped down before the market opened on Monday . The stock had previously closed at $37.31, but opened at $36.46. MicroSectors Gold Miners 3x Leveraged ETN shares last traded at $35.21, with a volume of 275,315 shares trading hands.

MicroSectors Gold Miners 3x Leveraged ETN Stock Performance

The firm’s 50 day moving average is $45.48 and its 200 day moving average is $42.28. The stock has a market cap of $27.39 billion, a P/E ratio of 24.08 and a beta of 2.79.

MicroSectors Gold Miners 3x Leveraged ETN Company Profile

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.