MicroSectors Gold 3x Leveraged ETN (NYSEARCA:SHNY) Sees Large Growth in Short Interest

MicroSectors Gold 3x Leveraged ETN (NYSEARCA:SHNY – Get Free Report) was the recipient of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 826,957 shares, a growth of 96.2% from the July 30th total of 421,421 shares. Currently, 8.3% of the company’s stock are short sold. Based on an average daily trading volume, of 1,031,220 shares, the short-interest ratio is currently 0.8 days.

MicroSectors Gold 3x Leveraged ETN Trading Down 9.8%

Shares of SHNY opened at $10.18 on Friday. The business’s 50-day moving average is $8.94 and its 200-day moving average is $12.45. MicroSectors Gold 3x Leveraged ETN has a fifty-two week low of $7.43 and a fifty-two week high of $26.98.

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MicroSectors Gold 3x Leveraged ETN Company Profile

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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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