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

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report)’s share price was up 7.5% during mid-day trading on Tuesday . The stock traded as high as $32.48 and last traded at $32.45. Approximately 215,251 shares changed hands during mid-day 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 company has a market cap of $23.72 billion, a price-to-earnings ratio of 24.08 and a beta of 2.79. The business’s 50 day moving average price is $34.12 and its 200-day moving average price is $41.05.

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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