Short Interest in MicroSectors Gold 3x Leveraged ETN (NYSEARCA:SHNY) Rises By 67.5%

MicroSectors Gold 3x Leveraged ETN (NYSEARCA:SHNY – Get Free Report) was the target of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 1,041,374 shares, an increase of 67.5% from the May 14th total of 621,739 shares. Based on an average daily trading volume, of 520,947 shares, the short-interest ratio is currently 2.0 days. Approximately 10.4% of the company’s shares are short sold.

MicroSectors Gold 3x Leveraged ETN Stock Performance

Shares of MicroSectors Gold 3x Leveraged ETN stock traded up $0.06 during mid-day trading on Tuesday, hitting $10.12. The stock had a trading volume of 391,068 shares, compared to its average volume of 1,090,670. The firm has a 50-day moving average of $12.54 and a two-hundred day moving average of $14.75. MicroSectors Gold 3x Leveraged ETN has a 12-month low of $6.63 and a 12-month high of $26.98.

Get MicroSectors Gold 3x Leveraged ETN alerts:

About MicroSectors Gold 3x Leveraged ETN

(Get Free Report)

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.

Featured Stories

• Five stocks we like better than MicroSectors Gold 3x Leveraged ETN
• Gravity Check: Houston, SpaceX Has a Valuation Problem
• Strategy’s Bitcoin Rally Has a Hidden Engine
• Okta’s AI Moment May Be Bigger Than Investors Realize
• 3 Rate-Ready Stocks for the New Fed Chair’s First Big Test

Receive News & Ratings for MicroSectors Gold 3x Leveraged ETN Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MicroSectors Gold 3x Leveraged ETN and related companies with MarketBeat.com's FREE daily email newsletter.