MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU – Get Free Report) dropped 4.7% on Thursday . The company traded as low as $34.06 and last traded at $34.04. Approximately 168,716 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 929,019 shares. The stock had previously closed at $35.72.
MicroSectors Gold Miners 3x Leveraged ETN Stock Down 1.9 %
The stock’s 50-day moving average price is $33.32 and its 200-day moving average price is $40.93. The company has a market capitalization of $25.55 billion, a price-to-earnings ratio of 24.08 and a beta of 2.79.
About MicroSectors Gold Miners 3x Leveraged ETN
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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