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

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

MicroSectors Gold 3x Leveraged ETN Stock Performance

Shares of SHNY stock traded up $0.70 during trading on Monday, hitting $10.06. 980,625 shares of the company were exchanged, compared to its average volume of 1,096,704. The business’s 50-day simple moving average is $12.61 and its 200 day simple moving average is $14.76. MicroSectors Gold 3x Leveraged ETN has a twelve month low of $6.63 and a twelve month high of $26.98.

About MicroSectors Gold 3x Leveraged ETN

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.