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

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $151.51, but opened at $138.66. MicroSectors Gold Miners 3x Leveraged ETN shares last traded at $129.80, with a volume of 834,157 shares changing hands.

MicroSectors Gold Miners 3x Leveraged ETN Stock Performance

The business’s 50 day moving average price is $128.22 and its two-hundred day moving average price is $155.17. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 21.92 and a beta of 2.11.

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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