MicroSectors Gold 3x Leveraged ETN (NYSEARCA:SHNY – Get Free Report)’s share price was up 5.1% during mid-day trading on Monday. The stock traded as high as $7.61 and last traded at $7.56. 2,930,852 shares traded hands during mid-day trading, an increase of 169% from the average daily volume of 1,087,953 shares. The stock had previously closed at $7.19.
MicroSectors Gold 3x Leveraged ETN Stock Down 3.7%
The firm’s 50 day moving average is $8.09 and its 200 day moving average is $11.73.
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.
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