MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Trading Down 5.9% – Here’s Why

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report)’s share price fell 5.9% on Thursday . The company traded as low as $55.70 and last traded at $55.76. 560,429 shares traded hands during trading, a decline of 45% from the average session volume of 1,022,323 shares. The stock had previously closed at $59.24.

MicroSectors Gold Miners 3x Leveraged ETN Trading Down 9.5 %

The firm has a market cap of $39.10 billion, a P/E ratio of 24.08 and a beta of 2.79. The firm has a 50-day simple moving average of $46.92 and a 200-day simple moving average of $41.46.

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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