MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Trading Up 10.3% – Time to Buy?

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report) was up 10.3% during mid-day trading on Tuesday . The stock traded as high as $31.80 and last traded at $31.59. Approximately 287,360 shares changed hands during trading, a decline of 60% from the average daily volume of 719,469 shares. The stock had previously closed at $28.63.

MicroSectors Gold Miners 3x Leveraged ETN Stock Up 6.8 %

The business’s 50 day simple moving average is $35.07 and its 200 day simple moving average is $41.05. The stock has a market cap of $23.21 billion, a price-to-earnings ratio of 24.08 and a beta of 2.79.

About MicroSectors Gold Miners 3x Leveraged ETN

(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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