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

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $63.12, but opened at $60.88. MicroSectors Gold Miners 3x Leveraged ETN shares last traded at $61.17, with a volume of 137,756 shares traded.

MicroSectors Gold Miners 3x Leveraged ETN Trading Down 6.5 %

The firm has a market capitalization of $43.05 billion, a PE ratio of 24.08 and a beta of 2.79. The firm has a 50 day simple moving average of $46.53 and a 200 day simple moving average of $41.34.

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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