MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Trading 7.9% Higher – What’s Next?

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report) was up 7.9% on Wednesday . The company traded as high as $42.16 and last traded at $41.61. Approximately 301,744 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 1,040,625 shares. The stock had previously closed at $38.57.

MicroSectors Gold Miners 3x Leveraged ETN Stock Up 7.1 %

The stock has a market capitalization of $30.13 billion, a price-to-earnings ratio of 24.08 and a beta of 2.79. The company has a 50 day moving average of $43.87 and a 200 day moving average of $42.02.

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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