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SHNY
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Microsectors Gold 3x Leverage ETN (SHNY)

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$69.77
Last Close (24-hour delay)
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PASS
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  • SELL Advisory (Loss)​
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Upturn Advisory Summary

08/14/2025: SHNY (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Analysis of Past Performance

Type ETF
Historic Profit 7.44%
Avg. Invested days 34
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
ETF Returns Performance Upturn Returns Performance 2.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 08/14/2025

Key Highlights

Volume (30-day avg) -
Beta -
52 Weeks Range 33.52 - 86.56
Updated Date 06/30/2025
52 Weeks Range 33.52 - 86.56
Updated Date 06/30/2025

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Microsectors Gold 3x Leverage ETN

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ETF Overview

overview logo Overview

The Microsectors Gold 3x Leverage ETN (GLD) is an exchange-traded note that seeks to provide investors with three times the daily performance of the price of gold, offering leveraged exposure to the gold market.

reliability logo Reputation and Reliability

The ETN is issued by REX Shares. While relatively new, REX Shares specializes in leveraged and inverse products. Their reputation depends on the performance of their products.

reliability logo Management Expertise

REX Shares has expertise in creating and managing leveraged and inverse exchange-traded products, indicating a focused management approach.

Investment Objective

overview logo Goal

The primary investment goal is to seek daily investment results, before fees and expenses, that correspond to three times (3x) the daily performance of the Solactive Gold Front Month Rolling Futures Index.

Investment Approach and Strategy

Strategy: The ETN employs a leveraged strategy that aims to magnify the daily returns of gold futures. It does not track the spot price of gold directly.

Composition The ETN's composition consists primarily of gold futures contracts designed to replicate the Solactive Gold Front Month Rolling Futures Index.

Market Position

Market Share: Data unavailable to provide market share.

Total Net Assets (AUM): Data unavailable to provide exact AUM.

Competitors

overview logo Key Competitors

  • UGLD
  • GDXU
  • DUST
  • NUGT

Competitive Landscape

The competitive landscape involves other leveraged gold ETFs and ETNs, as well as inverse gold products. GLD distinguishes itself through its specific leverage factor and index tracking. A disadvantage compared to unleveraged products is higher volatility and potential for amplified losses. A potential advantage is higher returns when the underlying asset performs as expected.

Financial Performance

Historical Performance: Historical performance is highly dependent on the price of gold futures and the impact of daily compounding on a leveraged product. Due to the nature of leveraged ETNs, long-term performance may significantly deviate from 3x the underlying asset's performance.

Benchmark Comparison: Performance should be compared to 3x the daily returns of the Solactive Gold Front Month Rolling Futures Index.

Expense Ratio: 0.95

Liquidity

Average Trading Volume

Average trading volume can vary, but it is essential for investors to consider this for entry and exit points.

Bid-Ask Spread

The bid-ask spread should be monitored as wider spreads can increase trading costs.

Market Dynamics

Market Environment Factors

Economic indicators such as inflation, interest rates, and geopolitical events significantly influence gold prices and consequently affect the ETN's performance.

Growth Trajectory

Growth is primarily dictated by gold market trends. Changes in holdings are mostly related to maintaining the 3x leverage ratio.

Moat and Competitive Advantages

Competitive Edge

The Microsectors Gold 3x Leverage ETN (GLD) offers a straightforward mechanism for investors seeking leveraged exposure to gold futures. Its relatively low expense ratio compared to some other leveraged products can be an advantage. However, the daily reset feature and inherent risks associated with leveraged products can be a major disadvantage. It provides targeted leverage, appealing to sophisticated investors with a short-term outlook, even though there are numerous competing products.

Risk Analysis

Volatility

Due to the 3x leverage, the ETN is significantly more volatile than unleveraged gold investments.

Market Risk

The ETN is subject to market risk associated with fluctuations in gold futures prices. Compounding, volatility, and fees can erode returns over time, and a single trading day can cause major losses.

Investor Profile

Ideal Investor Profile

The ideal investor is a sophisticated trader with a high risk tolerance and a short-term investment horizon who understands the complexities of leveraged ETNs.

Market Risk

This ETN is best suited for active traders looking to capitalize on short-term movements in gold futures, not for long-term investors or passive index followers.

Summary

Microsectors Gold 3x Leverage ETN (GLD) offers a leveraged play on gold futures, appealing to risk-tolerant, short-term traders. Its 3x leverage magnifies daily returns but also amplifies losses, making it unsuitable for long-term investment. The ETN's performance heavily depends on the price of gold futures and is subject to daily compounding effects. Investors should carefully consider the risks and understand the mechanics of leveraged ETNs before investing. Given its leveraged nature, it is vital to continuously monitor and rebalance the portfolio in which it is held.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • REX Shares Website
  • Solactive
  • Various Financial News Outlets

Disclaimers:

This analysis is for informational purposes only and does not constitute investment advice. Investors should conduct their own research and consult with a qualified financial advisor before making any investment decisions. Leveraged ETFs and ETNs are complex financial instruments and involve a high degree of risk.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Microsectors Gold 3x Leverage ETN

Exchange NYSE ARCA
Headquaters -
IPO Launch date -
CEO -
Sector -
Industry -
Full time employees -
Website
Full time employees -
Website

The notes are designed to reflect a 3x leveraged long exposure to the performance of the ETF on a daily basis. The notes are riskier than securities that have intermediate- or long-term investment objectives, and may not be suitable for investors who plan to hold them for a period other than one day or who have a "buy and hold" strategy.