MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Short Interest Update

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totaling 218,345 shares, an increase of 95.1% from the December 15th total of 111,919 shares. Approximately 2.6% of the company’s stock are sold short. Based on an average trading volume of 594,889 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 594,889 shares, the short-interest ratio is currently 0.4 days. Approximately 2.6% of the company’s stock are sold short.

MicroSectors Gold Miners 3x Leveraged ETN Price Performance

NYSEARCA:GDXU opened at $345.00 on Friday. The stock has a market cap of $2.93 billion, a PE ratio of 21.92 and a beta of 2.02. MicroSectors Gold Miners 3x Leveraged ETN has a fifty-two week low of $31.93 and a fifty-two week high of $356.94. The stock’s 50-day moving average is $238.38 and its two-hundred day moving average is $168.73.

Institutional Investors Weigh In On MicroSectors Gold Miners 3x Leveraged ETN

An institutional investor recently bought a new position in MicroSectors Gold Miners 3x Leveraged ETN stock. Gamco Investors INC. ET AL acquired a new position in shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,000 shares of the company’s stock, valued at approximately $205,000.

MicroSectors Gold Miners 3x Leveraged ETN Company Profile

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.