Key stats
About MicroSectors Gold 3X Leveraged ETNs
Home page
Inception date
Feb 21, 2023
Structure
Exchange-Traded Note
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Distributor
State Street Corp. (Fund Distributor)
ISIN
US0636795264
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
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
SHNY assets under management is 103.63 M USD. It's risen 23.80% over the last month.
SHNY fund flows account for 40.10 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, SHNY doesn't pay dividends to its holders.
SHNY shares are issued by Bank of Montreal under the brand REX Microsectors. The ETF was launched on Feb 21, 2023, and its management style is Passive.
SHNY expense ratio is 0.95% meaning you'd have to pay 0.95% of your investment to help manage the fund.
SHNY follows the LBMA Gold Price PM ($/ozt). ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SHNY price has risen by 26.84% over the last month, and its yearly performance shows a 129.34% increase. See more dynamics on SHNY price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 26.71% over the last month, showed a 47.63% increase in three-month performance and has increased by 126.83% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 26.71% over the last month, showed a 47.63% increase in three-month performance and has increased by 126.83% in a year.
SHNY trades at a premium (0.15%) meaning the ETF is trading at a higher price than the calculated NAV.