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

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $28.70, but opened at $27.61. MicroSectors Gold Miners 3x Leveraged ETN shares last traded at $27.87, with a volume of 250,452 shares.

MicroSectors Gold Miners 3x Leveraged ETN Trading Down 2.2 %

The stock has a market cap of $20.47 billion, a P/E ratio of 24.08 and a beta of 2.79. The company’s fifty day simple moving average is $39.46 and its 200-day simple moving average is $41.30.

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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