MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Hits New 1-Year High – Time to Buy?

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $56.44 and last traded at $55.90, with a volume of 450336 shares trading hands. The stock had previously closed at $52.61.

MicroSectors Gold Miners 3x Leveraged ETN Trading Up 10.5 %

The business has a fifty day moving average of $45.21 and a 200-day moving average of $40.70. The firm has a market cap of $42.38 billion, a PE ratio of 24.08 and a beta of 2.79.

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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