Short Interest in MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Increases By 64.2%

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) was the target of a significant 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. 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. 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.

MicroSectors Gold Miners 3x Leveraged ETN Price Performance

Shares of GDXU stock traded up $49.25 during trading 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 1-year low of $36.35 and a 1-year high of $540.78. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 21.92 and a beta of 2.02. The stock’s 50-day moving average price is $312.35 and its 200 day moving average price is $212.48.

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 bought a new stake in MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 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.