MicroSectors Gold 3X Leveraged ETNs (SHNY)

AMEX Financial Services Asset Management - Leveraged

MicroSectors Gold 3X Leveraged ETNs operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $8.85, up 1.26% on the session, giving a market capitalisation of $46.6M. Its beta of 0.96 implies it has historically moved less than the broad market.

These exchange-traded notes (ETNs) are constructed to provide daily returns that are three times the performance of an underlying ETF. Consequently, they carry substantially higher risk compared to investments with longer-term objectives and are generally inappropriate for those with a 'buy and hold' strategy or investors intending to hold them for more than a single day.