MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Stock Falls 4.9% – Time to Sell?

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU – Get Free Report) was down 4.9% during trading on Tuesday. The company traded as low as $100.35 and last traded at $100.35. Approximately 579,074 shares changed hands during trading, a decline of 57% from the average session volume of 1,348,820 shares. The stock had previously closed at $105.51.

MicroSectors Gold Miners 3x Leveraged ETN Trading Down 6.2%

The stock’s 50 day moving average price is $137.32 and its 200 day moving average price is $142.20. The company has a market cap of $841.08 million, a price-to-earnings ratio of 21.92 and a beta of 2.05.

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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