MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Short Interest Update

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) saw a significant increase in short interest in March. As of March 31st, there was short interest totaling 1,537,132 shares, an increase of 55.6% from the March 15th total of 987,691 shares. Approximately 18.1% of the shares of the stock are short sold. Based on an average trading volume of 2,053,557 shares, the short-interest ratio is currently 0.7 days.

MicroSectors Gold Miners 3x Leveraged ETN Stock Down 7.7%

Shares of GDXU stock traded down $20.33 on Wednesday, reaching $242.61. The company’s stock had a trading volume of 707,041 shares, compared to its average volume of 1,072,729. The company has a market capitalization of $2.06 billion, a P/E ratio of 21.92 and a beta of 2.13. MicroSectors Gold Miners 3x Leveraged ETN has a 12-month low of $49.77 and a 12-month high of $540.78. The stock’s 50 day simple moving average is $285.29 and its 200-day simple moving average is $258.16.

Institutional Investors 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. Jump Financial LLC bought a new position in MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 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 as of its most recent SEC filing.

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.