Short Interest in MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) Expands By 55.6%

MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) was the target of a large 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. Currently, 18.1% of the company’s stock are short sold. Based on an average trading volume of 2,053,557 shares, the days-to-cover ratio is currently 0.7 days.

MicroSectors Gold Miners 3x Leveraged ETN Stock Performance

Shares of NYSEARCA:GDXU opened at $242.61 on Thursday. The firm has a market capitalization of $2.06 billion, a P/E ratio of 21.92 and a beta of 2.13. The stock has a 50 day moving average price of $283.72 and a 200-day moving average price of $258.05. MicroSectors Gold Miners 3x Leveraged ETN has a 52-week low of $49.77 and a 52-week high of $540.78.

Hedge Funds 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 MicroSectors Gold Miners 3x Leveraged ETN (NYSEARCA:GDXU) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund 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 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.