MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Short Interest Up 35.6% in March

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) was the target of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 987,691 shares, an increase of 35.6% from the February 26th total of 728,181 shares. Currently, 11.6% of the shares of the company are sold short. Based on an average trading volume of 1,003,818 shares, the short-interest ratio is currently 1.0 days.

Hedge Funds Weigh In On 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 purchased a new stake in shares of MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,000 shares of the company’s stock, valued at approximately $205,000.

MicroSectors Gold Miners 3x Leveraged ETN Stock Down 0.0%

GDXU stock opened at $165.94 on Tuesday. The stock has a 50-day simple moving average of $324.76 and a two-hundred day simple moving average of $253.40. MicroSectors Gold Miners 3x Leveraged ETN has a twelve month low of $38.30 and a twelve month high of $540.78. The firm has a market capitalization of $1.41 billion, a PE ratio of 21.92 and a beta of 2.02.

MicroSectors Gold Miners 3x Leveraged ETN Company Profile

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.