MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Shares Down 6.7% – What’s Next?

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report) shares dropped 6.7% during trading on Friday . The stock traded as low as $52.93 and last traded at $53.55. Approximately 228,952 shares changed 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 Trading Down 5.4 %

The stock has a market capitalization of $39.62 billion, a P/E ratio of 26.56 and a beta of 2.79. The company has a 50-day moving average price of $42.79 and a 200 day moving average price of $41.62.

MicroSectors Gold Miners 3x Leveraged ETN Company Profile

(Get Free Report)

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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