MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU – Get Free Report) was the recipient of a large growth in short interest in March. As of March 13th, there was short interest totaling 987,691 shares, a growth of 35.6% from the February 26th total of 728,181 shares. Based on an average daily volume of 1,003,818 shares, the days-to-cover ratio is presently 1.0 days. Currently, 11.6% of the shares of the stock are sold short.
Institutional Inflows and Outflows
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 – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,597 shares of the company’s stock, valued at approximately $5,019,000. Jump Financial LLC owned approximately 0.24% of MicroSectors Gold Miners 3x Leveraged ETN as of its most recent filing with the Securities and Exchange Commission (SEC).
MicroSectors Gold Miners 3x Leveraged ETN Stock Up 12.2%
Shares of MicroSectors Gold Miners 3x Leveraged ETN stock traded up $18.00 during trading on Friday, hitting $165.95. 2,080,483 shares of the stock traded hands, compared to its average volume of 1,043,055. The stock has a market cap of $1.41 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 $38.30 and a 52 week high of $540.78. The firm’s fifty day moving average is $328.34 and its 200-day moving average is $252.63.
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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