Short Interest in MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Expands By 95.1%

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUGet Free Report) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 218,345 shares, an increase of 95.1% from the December 15th total of 111,919 shares. Approximately 2.6% of the shares of the company are sold short. Based on an average trading volume of 594,889 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 594,889 shares, the days-to-cover ratio is presently 0.4 days. Approximately 2.6% of the shares of the company are sold short.

MicroSectors Gold Miners 3x Leveraged ETN Stock Up 0.9%

NYSEARCA:GDXU traded up $3.14 on Friday, hitting $345.00. The stock had a trading volume of 483,524 shares, compared to its average volume of 599,394. The business’s 50-day simple moving average is $238.38 and its two-hundred day simple moving average is $168.73. The stock has a market cap of $2.93 billion, a price-to-earnings ratio of 21.92 and a beta of 2.02. MicroSectors Gold Miners 3x Leveraged ETN has a 52-week low of $31.93 and a 52-week high of $356.94.

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 stake in shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXUFree Report) during the third quarter, according to its most recent disclosure with the SEC. The fund acquired 1,000 shares of the company’s stock, valued at approximately $205,000.

MicroSectors Gold Miners 3x Leveraged ETN Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for MicroSectors Gold Miners 3x Leveraged ETN Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MicroSectors Gold Miners 3x Leveraged ETN and related companies with MarketBeat.com's FREE daily email newsletter.