Short Interest in MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Increases By 66.0%

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) was the recipient of a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 742,025 shares, a growth of 66.0% from the January 29th total of 447,037 shares. Based on an average daily volume of 930,024 shares, the short-interest ratio is currently 0.8 days. Approximately 8.7% of the company’s shares are short sold. Approximately 8.7% of the company’s shares are short sold. Based on an average daily volume of 930,024 shares, the short-interest ratio is currently 0.8 days.

MicroSectors Gold Miners 3x Leveraged ETN Stock Performance

GDXU traded up $22.86 during mid-day trading on Friday, reaching $480.06. The stock had a trading volume of 671,938 shares, compared to its average volume of 778,272. The stock has a market capitalization of $4.08 billion, a P/E ratio of 21.92 and a beta of 2.02. The firm’s fifty day simple moving average is $343.48 and its two-hundred day simple moving average is $232.93. MicroSectors Gold Miners 3x Leveraged ETN has a 52 week low of $36.35 and a 52 week high of $540.78.

Institutional Trading of 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 Form 13F filing with the Securities and Exchange Commission. The fund acquired 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.