MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU – Get Free Report) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totaling 111,919 shares, an increase of 98.2% from the November 30th total of 56,476 shares. Based on an average daily trading volume, of 697,278 shares, the days-to-cover ratio is currently 0.2 days. Currently, 1.3% of the shares of the stock are sold short. Currently, 1.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 697,278 shares, the days-to-cover ratio is currently 0.2 days.
MicroSectors Gold Miners 3x Leveraged ETN Stock Up 5.6%
NYSEARCA:GDXU traded up $15.72 during mid-day trading on Friday, hitting $298.69. 606,299 shares of the stock traded hands, compared to its average volume of 765,283. The business’s 50-day moving average price is $198.19 and its 200 day moving average price is $146.44. The company has a market cap of $2.54 billion, a PE ratio of 21.92 and a beta of 2.02. MicroSectors Gold Miners 3x Leveraged ETN has a 12-month low of $25.83 and a 12-month high of $302.71.
Institutional Investors Weigh In On MicroSectors Gold Miners 3x Leveraged ETN
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 shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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.
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