MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Trading 3.4% Higher – Still a Buy?

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report) was up 3.4% during trading on Tuesday . The stock traded as high as $63.00 and last traded at $61.64. Approximately 330,187 shares traded hands during trading, a decline of 68% from the average daily volume of 1,023,598 shares. The stock had previously closed at $59.59.

MicroSectors Gold Miners 3x Leveraged ETN Trading Up 5.8 %

The company’s 50 day moving average price is $46.08 and its two-hundred day moving average price is $41.16. The stock has a market cap of $45.97 billion, a P/E ratio of 24.08 and a beta of 2.79.

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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