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

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) saw a significant growth in short interest in 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. Currently, 8.7% of the shares of the stock are short sold. Based on an average trading volume of 930,024 shares, the short-interest ratio is currently 0.8 days. Based on an average trading volume of 930,024 shares, the short-interest ratio is currently 0.8 days. Currently, 8.7% of the shares of the stock are short sold.

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. Jump Financial LLC purchased a new position in shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,597 shares of the company’s stock, valued at approximately $5,019,000. Jump Financial LLC owned 0.24% of MicroSectors Gold Miners 3x Leveraged ETN at the end of the most recent reporting period.

MicroSectors Gold Miners 3x Leveraged ETN Stock Up 5.0%

Shares of NYSEARCA GDXU traded up $22.86 during midday trading on Friday, hitting $480.06. The stock had a trading volume of 671,938 shares, compared to its average volume of 778,272. MicroSectors Gold Miners 3x Leveraged ETN has a 1 year low of $36.35 and a 1 year high of $540.78. The stock has a 50 day simple moving average of $343.48 and a 200-day simple moving average of $233.91. The company has a market capitalization of $4.08 billion, a PE ratio of 21.92 and a beta of 2.02.

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.