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 before the market opened on Wednesday . The stock had previously closed at $45.83, but opened at $44.38. MicroSectors Gold Miners 3x Leveraged ETN shares last traded at $45.22, with a volume of 61,200 shares trading hands.

MicroSectors Gold Miners 3x Leveraged ETN Price Performance

The stock has a fifty day moving average price of $40.23 and a two-hundred day moving average price of $41.24. The company has a market cap of $37.12 billion, a P/E ratio of 25.85 and a beta of 2.79.

MicroSectors Gold Miners 3x Leveraged ETN Company Profile

(Get Free Report)

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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