MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Sees Large Volume Increase – Time to Buy?

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report) saw unusually-high trading volume on Thursday . Approximately 487,202 shares traded hands during mid-day trading, a decline of 52% from the previous session’s volume of 1,013,402 shares.The stock last traded at $34.39 and had previously closed at $33.73.

MicroSectors Gold Miners 3x Leveraged ETN Trading Up 1.3 %

The stock has a market cap of $24.55 billion, a price-to-earnings ratio of 24.08 and a beta of 2.79. The firm’s 50 day moving average is $33.24 and its two-hundred day moving average is $40.95.

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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