MicroSectors Gold 3x Leveraged ETN (NYSEARCA:SHNY – Get Free Report) saw a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 524,755 shares, a decrease of 36.5% from the August 15th total of 826,957 shares. Approximately 5.2% of the company’s stock are sold short. Based on an average daily volume of 1,407,826 shares, the short-interest ratio is currently 0.4 days.
MicroSectors Gold 3x Leveraged ETN Price Performance
SHNY opened at $9.44 on Friday. MicroSectors Gold 3x Leveraged ETN has a fifty-two week low of $7.51 and a fifty-two week high of $26.98. The company’s 50-day moving average is $9.27 and its 200 day moving average is $11.54.
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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