MicroSectors Gold 3x Leveraged ETN (NYSEARCA:SHNY) Sees Large Drop in Short Interest

MicroSectors Gold 3x Leveraged ETN (NYSEARCA:SHNY) saw a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 421,421 shares, a decrease of 78.3% from the July 15th total of 1,941,926 shares. Approximately 4.2% of the shares of the stock are short sold. Based on an average daily volume of 662,970 shares, the short-interest ratio is presently 0.6 days.

MicroSectors Gold 3x Leveraged ETN Trading Up 2.1%

MicroSectors Gold 3x Leveraged ETN stock traded up $0.20 during mid-day trading on Friday, hitting $9.85. 1,031,861 shares of the company traded hands, compared to its average volume of 990,489. MicroSectors Gold 3x Leveraged ETN has a one year low of $6.82 and a one year high of $26.98. The stock has a fifty day moving average price of $8.68 and a 200-day moving average price of $13.07.

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.