MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Stock Price Down 5% – Time to Sell?

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report)’s stock price fell 5% during trading on Friday . The company traded as low as $48.53 and last traded at $47.47. 195,169 shares traded hands during trading, a decline of 75% from the average session volume of 785,627 shares. The stock had previously closed at $49.96.

MicroSectors Gold Miners 3x Leveraged ETN Stock Performance

The firm has a market capitalization of $32.79 billion, a P/E ratio of 24.08 and a beta of 2.79. The firm’s 50-day moving average is $35.30 and its 200 day moving average is $40.82.

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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