MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Reaches New 52-Week High – Still a Buy?

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $84.24 and last traded at $80.22, with a volume of 886665 shares. The stock had previously closed at $73.91.

MicroSectors Gold Miners 3x Leveraged ETN Price Performance

The firm has a market cap of $681.87 million, a price-to-earnings ratio of 19.70 and a beta of 1.89. The business has a fifty day simple moving average of $51.27 and a 200 day simple moving average of $43.46.

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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