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

MicroSectors Gold 3x Leveraged ETN (NYSEARCA:SHNY) saw a large decline in short interest in 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 company’s shares are sold short. Based on an average trading volume of 1,407,826 shares, the days-to-cover ratio is presently 0.4 days.

MicroSectors Gold 3x Leveraged ETN Stock Performance

SHNY stock traded up $0.46 during midday trading on Thursday, hitting $9.26. The company’s stock had a trading volume of 867,503 shares, 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 has a 50-day simple moving average of $9.24 and a 200-day simple moving average of $11.63.

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.