MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Shares Gap Down – Here’s Why

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report) gapped down prior to trading on Monday . The stock had previously closed at $39.45, but opened at $35.32. MicroSectors Gold Miners 3x Leveraged ETN shares last traded at $35.53, with a volume of 249,632 shares traded.

MicroSectors Gold Miners 3x Leveraged ETN Stock Performance

The firm has a 50-day moving average of $46.59 and a 200-day moving average of $42.45. The firm has a market capitalization of $26.26 billion, a P/E ratio of 24.08 and a beta of 2.79.

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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