MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Stock Price Up 10.3% – Still a Buy?

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report) shares rose 10.3% during mid-day trading on Tuesday . The company traded as high as $31.80 and last traded at $31.59. Approximately 287,360 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 719,469 shares. The stock had previously closed at $28.63.

MicroSectors Gold Miners 3x Leveraged ETN Price Performance

The stock has a market capitalization of $22.31 billion, a P/E ratio of 24.08 and a beta of 2.79. The firm has a 50-day simple moving average of $36.00 and a 200 day simple moving average of $41.15.

MicroSectors Gold Miners 3x Leveraged ETN Company Profile

(Get Free Report)

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.

Further Reading

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