MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Stock Falls 4.2% – Should You Sell?

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU – Get Free Report) shares fell 4.2% during mid-day trading on Monday. The stock traded as low as $95.50 and last traded at $95.50. Approximately 241,008 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 1,362,237 shares. The stock had previously closed at $99.71.

MicroSectors Gold Miners 3x Leveraged ETN Stock Down 3.5%

The firm has a market capitalization of $818.12 million, a P/E ratio of 21.92 and a beta of 2.05. The business’s 50-day simple moving average is $136.37 and its 200 day simple moving average is $140.31.

About MicroSectors Gold Miners 3x Leveraged ETN

(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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