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

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) was the target of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 447,037 shares, an increase of 64.2% from the January 15th total of 272,216 shares. Approximately 5.3% of the company’s shares are short sold. Based on an average trading volume of 937,499 shares, the short-interest ratio is currently 0.5 days. Based on an average trading volume of 937,499 shares, the short-interest ratio is currently 0.5 days. Approximately 5.3% of the company’s shares are short sold.

MicroSectors Gold Miners 3x Leveraged ETN Stock Performance

GDXU stock traded up $49.25 on Friday, reaching $347.25. The company’s stock had a trading volume of 762,417 shares, compared to its average volume of 825,863. MicroSectors Gold Miners 3x Leveraged ETN has a 12-month low of $36.35 and a 12-month high of $540.78. The firm has a market cap of $2.95 billion, a PE ratio of 21.92 and a beta of 2.02. The business has a fifty day simple moving average of $312.35 and a two-hundred day simple moving average of $210.50.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in MicroSectors Gold Miners 3x Leveraged ETN stock. Gamco Investors INC. ET AL bought a new position in MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,000 shares of the company’s stock, valued at approximately $205,000.

About MicroSectors Gold Miners 3x Leveraged ETN

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.