MicroSectors Gold 3x Leveraged ETN (NYSEARCA:SHNY) Stock Short Interest Rises 193.0%

MicroSectors Gold 3x Leveraged ETN (NYSEARCA:SHNY) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 1,537,592 shares, a growth of 193.0% from the August 31st total of 524,755 shares. Based on an average daily volume of 1,325,801 shares, the days-to-cover ratio is currently 1.2 days. Approximately 15.4% of the shares of the company are sold short.

MicroSectors Gold 3x Leveraged ETN Trading Up 1.3%

MicroSectors Gold 3x Leveraged ETN stock traded up $0.11 during trading hours on Friday, reaching $8.85. 1,495,044 shares of the stock were exchanged, compared to its average volume of 1,043,880. The stock has a 50 day moving average of $9.39 and a two-hundred day moving average of $11.16. MicroSectors Gold 3x Leveraged ETN has a twelve month low of $7.51 and a twelve month 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.