MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Shares Down 6.7% – Should You Sell?

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report)’s share price was down 6.7% on Friday . The company traded as low as $52.93 and last traded at $53.55. Approximately 228,952 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 924,427 shares. The stock had previously closed at $57.42.

MicroSectors Gold Miners 3x Leveraged ETN Stock Down 4.6 %

The business’s fifty day moving average is $43.25 and its two-hundred day moving average is $41.72. The firm has a market cap of $39.96 billion, a price-to-earnings ratio of 26.56 and a beta of 2.79.

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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