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

Shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $63.12, but opened at $60.88. MicroSectors Gold Miners 3x Leveraged ETN shares last traded at $61.17, with a volume of 137,756 shares.

MicroSectors Gold Miners 3x Leveraged ETN Stock Performance

The business has a fifty day moving average of $47.22 and a 200-day moving average of $41.56. The company has a market capitalization of $40.54 billion, a P/E ratio of 24.08 and a beta of 2.79.

About MicroSectors Gold Miners 3x Leveraged ETN

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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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