BetaPro Canadian Gold Miners 2x Daily Bull ETF
GDXU.TO
Toronto Stock Exchange- -
CAD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 55 University Avenue, Suite 800 Toronto ON Canada M5J 2H7
- IPO Date
- Jun 26, 2007
- Website
- betapro.ca
- Similar Companies
- Business
- BetaPro Canadian Gold Miners 2x Daily Bull ETF (GDXU.TO) is an exchange-traded fund that provides 2x leveraged daily exposure to the performance of an index tracking Canadian gold mining companies listed on the Toronto Stock Exchange. The ETF seeks daily investment results, before fees and expenses, that correspond to two times (200%) the daily performance of the Solactive Canadian Gold Miners Index, which includes leading Canadian producers and explorers of gold such as Barrick Gold Corporation, Agnico Eagle Mines Limited, Kinross Gold Corporation; Wheaton Precious Metals Corp.; and B2Gold Corp., among others. It offers investors leveraged access to the gold mining sector without direct ownership of mining equities, utilizing derivatives including swaps and futures contracts to achieve its amplified returns. Headquartered in Toronto, Canada, and managed by Horizons ETFs Management (Canada) Inc., a subsidiary of Mirae Asset Global Investments Co. Ltd., the fund operates primarily in the Canadian financial markets with trading on the Toronto Stock Exchange. Horizons ETFs, founded in 1999 as a pioneer in ETF innovation in Canada, provides a suite of leveraged and inverse ETFs including bull/bear products across commodities, equities, and sectors; the GDXU fits within its leveraged commodity and resource segment targeting institutional and retail investors seeking tactical short-term trading opportunities in gold miners. Recent developments include Horizons ETFs' ongoing expansion of its leveraged ETF lineup with enhanced liquidity provisions and fee adjustments in 2024 to improve competitiveness amid volatile gold prices driven by global economic uncertainty. In late 2024, the firm announced strategic alliances with major Canadian brokerages to broaden distribution channels for products like GDXU, alongside a product refresh incorporating updated index methodology for better representation of mid-tier gold miners. No major acquisitions or reorganizations have been reported for the fund itself in the past two years, though parent Mirae Asset completed a significant funding round for its global ETF platform in early 2025 to support North American growth.