MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Stock Price Up 3.3% – Still a Buy?

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report)’s stock price was up 3.3% on Tuesday . The stock traded as high as $37.65 and last traded at $37.32. 467,090 shares changed hands during mid-day trading, a decline of 55% from the average daily volume of 1,046,426 shares. The stock had previously closed at $36.14.

MicroSectors Gold Miners 3x Leveraged ETN Stock Up 4.3 %

The company’s 50 day moving average is $47.17 and its 200-day moving average is $42.42. The firm has a market capitalization of $27.48 billion, a P/E ratio of 24.08 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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