MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Trading Up 7.5% – Here’s Why

Shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report) were up 7.5% on Tuesday . The company traded as high as $32.48 and last traded at $32.45. Approximately 215,251 shares traded hands during trading, a decline of 77% from the average daily volume of 951,030 shares. The stock had previously closed at $30.20.

MicroSectors Gold Miners 3x Leveraged ETN Stock Performance

The business has a 50 day moving average of $33.67 and a two-hundred day moving average of $41.00. The firm has a market capitalization of $24.23 billion, a price-to-earnings 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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