MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Shares Gap Up – Time to Buy?

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report)’s share price gapped up prior to trading on Monday . The stock had previously closed at $31.97, but opened at $34.76. MicroSectors Gold Miners 3x Leveraged ETN shares last traded at $35.42, with a volume of 591,553 shares changing hands.

MicroSectors Gold Miners 3x Leveraged ETN Trading Up 15.1 %

The stock has a market cap of $26.84 billion, a price-to-earnings ratio of 24.08 and a beta of 2.79. The firm has a fifty day simple moving average of $47.19 and a 200-day simple moving average of $42.41.

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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