MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Trading Down 19.5% – Here’s What Happened

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report) shares fell 19.5% on Friday . The company traded as low as $48.89 and last traded at $47.15. 288,047 shares changed hands during trading, a decline of 68% from the average session volume of 905,383 shares. The stock had previously closed at $58.57.

MicroSectors Gold Miners 3x Leveraged ETN Stock Down 27.3 %

The company has a market cap of $31.06 billion, a PE ratio of 26.56 and a beta of 2.79. The firm’s 50-day moving average is $47.68 and its 200-day moving average is $42.76.

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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