Short Interest in MicroSectors Gold 3x Leveraged ETN (NYSEARCA:SHNY) Expands By 18.1%

MicroSectors Gold 3x Leveraged ETN (NYSEARCA:SHNYGet Free Report) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 967,604 shares, an increase of 18.1% from the March 31st total of 819,578 shares. Based on an average daily trading volume, of 1,009,713 shares, the short-interest ratio is presently 1.0 days. Approximately 9.7% of the shares of the stock are short sold.

MicroSectors Gold 3x Leveraged ETN Price Performance

NYSEARCA:SHNY traded down $0.04 during trading hours on Friday, hitting $12.85. 329,924 shares of the stock were exchanged, compared to its average volume of 1,263,674. The firm’s fifty day moving average price is $15.72 and its 200 day moving average price is $14.77. MicroSectors Gold 3x Leveraged ETN has a 52-week low of $6.41 and a 52-week high of $26.98.

About MicroSectors Gold 3x Leveraged ETN

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The MicroSectors Gold 3X Leveraged ETNs (SHNY) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund is an exchange-traded note that provides 3x daily leveraged exposure to the spot price of gold by tracking GLD, an ETF that physically holds gold bars. SHNY was launched on Feb 24, 2023 and is issued by REX Microsectors.

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