MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Trading 13.2% Higher – Still a Buy?

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report) traded up 13.2% on Thursday . The stock traded as high as $60.00 and last traded at $59.92. 426,605 shares changed hands during mid-day trading, a decline of 53% from the average session volume of 911,096 shares. The stock had previously closed at $52.95.

MicroSectors Gold Miners 3x Leveraged ETN Stock Performance

The stock has a market capitalization of $518.59 million, a P/E ratio of 19.70 and a beta of 1.89. The stock has a 50-day moving average price of $48.57 and a two-hundred day moving average price of $42.75.

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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