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Dividend Vision

SHNY — Microsectors Gold 3x Leverage ETN

Microsectors Gold 3x Leverage ETN (SHNY)

SHNY pays a 0.00% distribution rate, on a 0.95% expense ratio. Total return is 300.9% over the past 3.5 years, 197.2 points ahead of SPY at 103.7%. Its deepest 1-year drawdown was 69.4%.

Microsectors Gold 3x Leverage ETN seeks to deliver three times the daily performance of gold prices through a leveraged strategy, making it a commodity-focused instrument rather than a traditional dividend-paying ETF. The fund carries a 0.95% expense ratio and does not distribute income, reflecting its design as a directional trading vehicle rather than a yield-generating investment. This product appeals primarily to active traders and sophisticated investors seeking amplified exposure to gold price movements over short time horizons, not to income-focused dividend investors.

SHNY key facts

Issuer
REX Shares
Asset type
ETN
Asset class
Commodity
Inception date
02/21/2023
Expense ratio
0.95%
Distribution rate
0.00%
Last close
$9.85
AUM
$96,627,646
Average volume
1031900.0
Beta
0.87