MicroSectors Gold 3x Leveraged ETN (NYSEARCA:SHNY) Stock Short Interest Climbs 193.0%

MicroSectors Gold 3x Leveraged ETN (NYSEARCA:SHNY) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 1,537,592 shares, a growth of 193.0% from the August 31st total of 524,755 shares. Currently, 15.4% of the shares of the stock are short sold. Based on an average daily volume of 1,325,801 shares, the days-to-cover ratio is currently 1.2 days.

MicroSectors Gold 3x Leveraged ETN Trading Up 1.3%

Shares of SHNY traded up $0.11 during mid-day trading on Friday, reaching $8.85. 1,495,044 shares of the company’s stock were exchanged, compared to its average volume of 1,043,880. MicroSectors Gold 3x Leveraged ETN has a 52-week low of $7.51 and a 52-week high of $26.98. The company has a 50-day simple moving average of $9.39 and a two-hundred day simple moving average of $11.16.

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.