MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Shares Gap Up – Time to Buy?

Shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU – Get Free Report) gapped up before the market opened on Monday. The stock had previously closed at $91.33, but opened at $99.24. MicroSectors Gold Miners 3x Leveraged ETN shares last traded at $101.89, with a volume of 935,083 shares trading hands.

MicroSectors Gold Miners 3x Leveraged ETN Stock Up 10.6%

The company has a fifty day simple moving average of $113.64 and a 200-day simple moving average of $179.47. The firm has a market cap of $858.50 million, a P/E ratio of 21.92 and a beta of 2.07.

MicroSectors Gold Miners 3x Leveraged ETN Company Profile

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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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