GDXU - GDXU: Short-Term Gain Long-Term Pain

• The MicroSectors Gold Miners 3X Leveraged ETN was launched in December 2020. It is designed to provide 3x the performance of the S-network MicroSectors Gold Miners Index.
• One very important thing to note, which is included in the ETN prospectus, is that leveraged ETNs are not designed for long-term trading.
• This is an interesting vehicle for short-term trading and provides more leverage than other 2x leveraged ETFs.
• However, Junior gold miners are more suitable for long-term investors.
• Most investors should avoid this ETN.

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