MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Trading Down 8.6% – Should You Sell?

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report)’s share price was down 8.6% during mid-day trading on Friday . The company traded as low as $45.34 and last traded at $44.63. Approximately 263,073 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 779,005 shares. The stock had previously closed at $48.83.

MicroSectors Gold Miners 3x Leveraged ETN Stock Down 10.6 %

The stock has a fifty day moving average of $36.10 and a 200-day moving average of $41.07. The firm has a market capitalization of $31.84 billion, a P/E ratio of 24.08 and a beta of 2.79.

About MicroSectors Gold Miners 3x Leveraged ETN

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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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