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

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $27.18, but opened at $28.45. MicroSectors Gold Miners 3x Leveraged ETN shares last traded at $29.35, with a volume of 334,583 shares.

MicroSectors Gold Miners 3x Leveraged ETN Stock Up 9.4 %

The company has a market cap of $21.68 billion, a price-to-earnings ratio of 24.08 and a beta of 2.79. The company has a fifty day simple moving average of $38.08 and a two-hundred day simple moving average of $41.28.

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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