MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Trading 3.9% Higher – Still a Buy?

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report) shares were up 3.9% on Friday . The company traded as high as $28.58 and last traded at $28.58. Approximately 153,862 shares changed hands during trading, a decline of 85% from the average daily volume of 1,044,316 shares. The stock had previously closed at $27.50.

MicroSectors Gold Miners 3x Leveraged ETN Stock Performance

The stock has a market capitalization of $20.69 billion, a P/E ratio of 24.08 and a beta of 2.79. The firm has a fifty day moving average price of $41.81 and a two-hundred day moving average price of $41.54.

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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