Key stats
About Bank Of Montreal MicroSectors Gold 3X Leveraged ETNs due January 29, 2043
Expense ratio
0.95%
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Inception date
Feb 21, 2023
SHNY is an exchange-traded note, a debt obligation of the Bank of Montreal, which provides 3x daily leveraged exposure to the performance of SPDR Gold Shares Trust, with which trades under the ticker GLD. As such, SHNY is not a buy-and-hold product and is best designed for short-term tactical trading purposes only. Returns can vary significantly from 3x exposure to shares of GLD if held for longer than a day. SHNYs underlying fund is the first ETF to invest directly in physical gold. NAV for the underlying fund is determined using the LBMA PM Gold Price (formerly the London PM Gold Fix), which results in an extremely close relationship with spot prices. As a debt obligation, investors are exposed to the credit risk of the bank.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
Dividends
Dividend payout history