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

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report) gapped up before the market opened on Friday . The stock had previously closed at $46.76, but opened at $47.86. MicroSectors Gold Miners 3x Leveraged ETN shares last traded at $48.42, with a volume of 84,202 shares.

MicroSectors Gold Miners 3x Leveraged ETN Stock Performance

The firm has a market capitalization of $34.82 billion, a price-to-earnings ratio of 24.08 and a beta of 2.79. The company has a 50-day moving average price of $43.77 and a 200-day moving average price of $39.98.

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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