Short Interest in MicroSectors Gold 3x Leveraged ETN (NYSEARCA:SHNY) Declines By 36.5%

MicroSectors Gold 3x Leveraged ETN (NYSEARCA:SHNY) was the recipient of 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. Based on an average daily volume of 1,407,826 shares, the short-interest ratio is presently 0.4 days. Currently, 5.2% of the shares of the stock are sold short.

MicroSectors Gold 3x Leveraged ETN Stock Performance

SHNY stock traded up $0.19 during mid-day trading on Friday, reaching $9.45. 380,278 shares of the company’s stock were exchanged, compared to its average volume of 1,035,215. The stock’s 50 day moving average is $9.25 and its 200 day moving average is $11.55. MicroSectors Gold 3x Leveraged ETN has a 12-month low of $7.51 and a 12-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.