MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Stock Price Down 7.9% – Time to Sell?

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report)’s stock price was down 7.9% during mid-day trading on Thursday . The company traded as low as $40.65 and last traded at $40.23. Approximately 106,614 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 765,735 shares. The stock had previously closed at $43.68.

MicroSectors Gold Miners 3x Leveraged ETN Stock Down 10.2 %

The firm has a market capitalization of $28.62 billion, a PE ratio of 24.08 and a beta of 2.79. The business’s fifty day moving average price is $36.82 and its 200 day moving average price is $41.26.

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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