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

MicroSectors Gold 3x Leveraged ETN (NYSEARCA:SHNY) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 826,957 shares, a growth of 96.2% from the July 30th total of 421,421 shares. Approximately 8.3% of the company’s shares are sold short. Based on an average daily volume of 1,031,220 shares, the days-to-cover ratio is currently 0.8 days.

MicroSectors Gold 3x Leveraged ETN Trading Down 1.8%

NYSEARCA SHNY traded down $0.18 during trading hours on Monday, reaching $10.00. The company had a trading volume of 617,977 shares, compared to its average volume of 1,017,549. The stock has a 50-day moving average of $8.94 and a 200 day moving average of $12.45. MicroSectors Gold 3x Leveraged ETN has a 1-year low of $7.43 and a 1-year 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.