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

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $39.45, but opened at $35.32. MicroSectors Gold Miners 3x Leveraged ETN shares last traded at $35.53, with a volume of 249,632 shares changing hands.

MicroSectors Gold Miners 3x Leveraged ETN Price Performance

The firm has a market capitalization of $26.26 billion, a PE ratio of 24.08 and a beta of 2.79. The business’s 50 day moving average is $46.59 and its two-hundred day moving average is $42.45.

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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