MicroSectors Gold 3x Leveraged ETN (SHNY) Short Interest Ratio & Short Volume

Short interest is the volume of MicroSectors Gold 3x Leveraged ETN shares that have been sold short but have not yet been closed out or covered. As of February 14th, traders have sold 22,500 shares of SHNY short. Learn More on MicroSectors Gold 3x Leveraged ETN's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. SHNY shares currently have a short interest ratio of 1.0. Learn More on MicroSectors Gold 3x Leveraged ETN's short interest ratio.

MicroSectors Gold 3x Leveraged ETN saw a decrease in short interest in the month of February. As of February 14th, there was short interest totaling 22,500 shares, a decrease of 2.2% from the previous total of 23,000 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies compare to MicroSectors Gold 3x Leveraged ETN: ProShares UltraShort Gold (9.15%), MicroSectors Gold -3x Inverse Leveraged ETN (0.82%), DB Gold Double Short ETN (0.50%), DB Gold Short ETN (1.42%), Franklin Responsibly Sourced Gold ETF (0.56%), ProShares Ultra Gold (4.12%), abrdn Physical Gold Shares ETF (0.98%), GraniteShares Gold Trust (1.02%), VanEck Merk Gold ETF (0.66%), iShares Gold Trust Micro (0.08%),

As of the most recent reporting period, the following stocks had the largest short interest positions: The Campbell's Company ($659.67 million), Brookfield Infrastructure Co. ($292.60 million), Science Applications International Co. ($266.46 million), Renasant Co. ($191.93 million), Xerox Holdings Co. ($161.88 million), Dream Finders Homes, Inc. ($144.42 million), First Advantage Co. ($104.63 million), Zymeworks Inc. ($57.64 million), Prime Medicine, Inc. ($51.29 million), and Kforce Inc. ($47.83 million). View all of the most shorted stocks.

Short selling SHNY is an investing strategy that aims to generate trading profit from MicroSectors Gold 3x Leveraged ETN as its price is falling. SHNY shares are trading up $1.72 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for MicroSectors Gold 3x Leveraged ETN occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of SHNY, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including SHNY, twice per month. The most recent reporting period available is February, 14 2025.