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

MicroSectors Gold 3x Leveraged ETN (NYSEARCA:SHNY) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 524,755 shares, a decline of 36.5% from the August 15th total of 826,957 shares. Approximately 5.2% of the shares of the company are sold short. Based on an average daily volume of 1,407,826 shares, the short-interest ratio is presently 0.4 days.

MicroSectors Gold 3x Leveraged ETN Stock Up 5.2%

MicroSectors Gold 3x Leveraged ETN stock traded up $0.46 during trading hours on Thursday, reaching $9.26. 867,503 shares of the stock were exchanged, compared to its average volume of 1,038,742. MicroSectors Gold 3x Leveraged ETN has a 52-week low of $7.51 and a 52-week high of $26.98. The firm’s 50 day moving average is $9.24 and its 200 day moving average is $11.63.

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.