Shares of MicroSectors Gold 3x Leveraged ETN (NYSEARCA:SHNY – Get Free Report) fell 3.6% during trading on Tuesday . The stock traded as low as $8.35 and last traded at $8.49. Approximately 336,916 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 1,045,776 shares. The stock had previously closed at $8.81.
MicroSectors Gold 3x Leveraged ETN Price Performance
The stock’s 50-day moving average price is $10.81 and its 200-day moving average price is $14.32.
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.
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