MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Shares Gap Up – Still a Buy?

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report) gapped up prior to trading on Monday . The stock had previously closed at $43.66, but opened at $45.01. MicroSectors Gold Miners 3x Leveraged ETN shares last traded at $42.17, with a volume of 289,749 shares trading hands.

MicroSectors Gold Miners 3x Leveraged ETN Trading Down 1.4 %

The firm’s 50 day simple moving average is $36.51 and its 200 day simple moving average is $41.24. The firm has a market cap of $30.26 billion, a PE ratio of 24.08 and a beta of 2.79.

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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