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

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $57.60, but opened at $55.48. MicroSectors Gold Miners 3x Leveraged ETN shares last traded at $56.47, with a volume of 112,607 shares changing hands.

MicroSectors Gold Miners 3x Leveraged ETN Trading Down 4.6 %

The company has a 50 day simple moving average of $43.25 and a 200-day simple moving average of $41.70. The stock has a market cap of $39.96 billion, a price-to-earnings ratio of 26.56 and a beta of 2.79.

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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