MicroSectors Gold 3x Leveraged ETN (NYSEARCA:SHNY) Short Interest Up 96.2% in August

MicroSectors Gold 3x Leveraged ETN (NYSEARCA:SHNY) was the target of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 826,957 shares, an increase of 96.2% from the July 30th total of 421,421 shares. Approximately 8.3% of the shares of the stock are short sold. Based on an average trading volume of 1,031,220 shares, the short-interest ratio is presently 0.8 days.

MicroSectors Gold 3x Leveraged ETN Stock Down 0.7%

NYSEARCA SHNY opened at $10.11 on Tuesday. MicroSectors Gold 3x Leveraged ETN has a 1-year low of $7.43 and a 1-year high of $26.98. The business has a 50 day moving average price of $8.96 and a 200 day moving average price of $12.40.

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.