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Microsectors Gold 3x Leverage ETN (SHNY)



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Upturn Advisory Summary
08/14/2025: SHNY (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type ETF | Historic Profit 7.44% | Avg. Invested days 34 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | ETF Returns Performance ![]() |
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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 |
Upturn AI SWOT
Microsectors Gold 3x Leverage ETN
ETF Overview
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.
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.
Management Expertise
REX Shares has expertise in creating and managing leveraged and inverse exchange-traded products, indicating a focused management approach.
Investment Objective
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
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.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
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.

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