MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Trading 11.5% Higher – Still a Buy?

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report) was up 11.5% on Wednesday . The stock traded as high as $84.24 and last traded at $82.43. Approximately 356,545 shares were traded during mid-day trading, a decline of 54% from the average daily volume of 774,098 shares. The stock had previously closed at $73.91.

MicroSectors Gold Miners 3x Leveraged ETN Trading Up 7.3 %

The firm has a 50-day moving average of $50.56 and a 200 day moving average of $43.21. The stock has a market capitalization of $674.31 million, a price-to-earnings ratio of 19.70 and a beta of 1.89.

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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