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

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) was the target of a large growth in short interest in December. As of December 31st, there was short interest totaling 218,345 shares, a growth of 95.1% from the December 15th total of 111,919 shares. Based on an average daily trading volume, of 594,889 shares, the short-interest ratio is presently 0.4 days. Currently, 2.6% of the company’s stock are sold short. Currently, 2.6% of the company’s stock are sold short. Based on an average daily trading volume, of 594,889 shares, the short-interest ratio is presently 0.4 days.

MicroSectors Gold Miners 3x Leveraged ETN Stock Down 0.2%

NYSEARCA:GDXU traded down $0.56 on Thursday, hitting $338.99. The stock had a trading volume of 224,833 shares, compared to its average volume of 589,273. MicroSectors Gold Miners 3x Leveraged ETN has a 52 week low of $31.93 and a 52 week high of $356.94. The business’s fifty day moving average is $230.55 and its 200 day moving average is $165.62. The company has a market cap of $2.88 billion, a PE ratio of 21.92 and a beta of 2.02.

Institutional Inflows and Outflows

An institutional investor recently bought a new position 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) in the 3rd quarter, according to its most recent Form 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.