MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU – Get Free Report) was the target of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 742,025 shares, an increase of 66.0% from the January 29th total of 447,037 shares. Currently, 8.7% of the company’s stock are sold short. Based on an average daily trading volume, of 930,024 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily trading volume, of 930,024 shares, the days-to-cover ratio is currently 0.8 days. Currently, 8.7% of the company’s stock are sold short.
MicroSectors Gold Miners 3x Leveraged ETN Price Performance
NYSEARCA:GDXU traded down $8.15 during mid-day trading on Monday, reaching $471.91. The stock had a trading volume of 839,083 shares, compared to its average volume of 780,045. The stock has a market cap of $4.01 billion, a P/E ratio of 21.92 and a beta of 2.02. The business’s 50 day moving average is $343.48 and its 200 day moving average is $233.91. MicroSectors Gold Miners 3x Leveraged ETN has a fifty-two week low of $38.30 and a fifty-two week high of $540.78.
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 acquired a new position in MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU – Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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.
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