MicroSectors Gold 3x Leveraged ETN (NYSEARCA:SHNY) Short Interest Update

MicroSectors Gold 3x Leveraged ETN (NYSEARCA:SHNY) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 421,421 shares, a drop of 78.3% from the July 15th total of 1,941,926 shares. Currently, 4.2% of the shares of the company are short sold. Based on an average daily volume of 662,970 shares, the short-interest ratio is presently 0.6 days.

MicroSectors Gold 3x Leveraged ETN Stock Down 4.5%

SHNY stock traded down $0.45 during trading on Thursday, hitting $9.65. 942,449 shares of the company traded hands, compared to its average volume of 990,201. The stock’s 50-day simple moving average is $8.69 and its 200 day simple moving average is $13.14. MicroSectors Gold 3x Leveraged ETN has a 1 year low of $6.82 and a 1 year high of $26.98.

MicroSectors Gold 3x Leveraged ETN Company Profile

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.