ETFdb Logo
ETFdb Logo
  • ETF Database
  • Channels
    • Active ETF
    • Beyond Basic Beta
    • China Insights
    • Climate Insights
    • Commodities
    • Core Strategies
    • Crypto
    • Disruptive Technology
    • Energy Infrastructure
    • ESG
    • ETF Building Blocks
    • ETF Education
    • ETF Strategist
    • Fixed Income
    • Free Cash Flow
    • Gold/Silver/Critical Minerals
    • Innovative ETFs
    • Institutional Income Strategies
    • Leveraged & Inverse
    • Managed Futures
    • Market Insights
    • Modern Alpha
    • Night Effect
    • Portfolio Strategies
    • Retirement Income
    • Richard Bernstein Advisors
    • Tax Efficient Income
    • Volatility Resource
  • Tools
    • ETF Screener
    • ETF Country Exposure Tool
    • ETF Database Categories
    • Head-To-Head ETF Comparison Tool
    • ETF Stock Exposure Tool
    • ETF Issuer Fund Flows
    • Indexes
    • Mutual Fund To ETF Converter
    • ETF Data for Journalists
    • ETF Nerds
  • Research
    • ETF Education
    • Equity Investing
    • Dividend ETFs
    • Leveraged ETFs
    • Inverse ETFs
    • Index Education
    • Index Insights
    • Top ETF Sectors
    • Top ETF Issuers
    • Top ETF Industries
  • Webcasts
  • Themes
    • AI ETFs
    • Blockchain ETFs
    • See all Thematic Investing ETF themes
    • ESG Investing
    • Marijuana ETFs
  • Multimedia
    • ETF 360 Video Series
    • ETF Trends on Videos
    • ETF Trends on Podcasts
    • ETF Prime Podcast
  • Company
    • About VettaFi
    • Get VettaFi’ed
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. MicroSectors Goes Long & Short on Gold With New ETFs
News
Share

MicroSectors Goes Long & Short on Gold With New ETFs

James ComtoisFeb 22, 2023
2023-02-22

REX Shares announced the launch of the MicroSectors Gold 3x Leveraged ETN (NYSE Arca: SHNY) and the MicroSectors Gold -3x Inverse Leveraged ETN (NYSE Arca: DULL), two new MicroSectors exchange traded notes issued by Bank of Montreal linked to an exchange traded fund that invests in gold. The ETNs begin trading today on NYSE Arca.

SNHY and DULL provide 3x leveraged exposure and – 3x inverse leveraged exposure, respectively, to the performance of the SPDR Gold Shares ETF (GLD A-), which invests in physical gold bullion rather than gold futures. In addition to offering exposure to physical gold through these new ETNs, the MicroSectors lineup of ETNs also provides exposure to gold miners through the MicroSectors Gold Miners 3X Leveraged ETN (GDXU B-) and the MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD ).

“We are excited to expand our gold related offerings beyond the pair of gold miner ETNs with a new pair of leveraged and inverse leveraged exchange-traded notes linked to an exchange traded fund that invests in physical gold,” said Scott Acheychek, CEO of REX, in a news release. “The new gold ETNs will offer investors 3x leverage and -3x inverse leverage exposure to physical gold. We hope that sophisticated investors will use these trading products as a way to tactically trade gold.”

The announcement of these two ETNs closely follows the recent launch of the MicroSectors Energy 3x Leveraged ETNs (NYSE Arca: WTIU) and the MicroSectors Energy -3x Inverse Leveraged ETNs (NYSE Arca: WTID), which are linked to an index that tracks the performance of 12 highly liquid U.S. stocks from the energy and oil sector.

In the release announcing the listing of WTIU and WTID, Acheychek said: “Since founding MicroSectors in 2018, we have been dedicated to innovating the ETP landscape by offering unique exposures to popular investable market segments.”

For more news, information, and analysis, visit VettaFi| ETFDB.


Content continues below advertisement

» Popular Pages

  • Tickers
  • Articles

Mar 24

Markets Bounce in Wake of Banking Crisis and Rate Hike

Mar 24

Main Management Market Note: March 24, 2023

Mar 24

Meet an Advisor: Ramona Maior

Mar 24

Tobin McDaniel: ETFs Crucial in SoFi's Growth

Mar 24

Semiconductors Spark Investors’ Hope

Mar 24

Take a Look at EWCO, RYT, and RCD

Mar 24

VettaFi Voices On: The Fed's Next Steps On Rate Hikes

Mar 24

ETF Issuer League: 7% Jump for Barclays

Mar 24

Opportunity Knocks With KWEB

Mar 24

To Access High Dividend International Stocks, Use IDOG

QQQ

Invesco QQQ Trust

SPY

SPDR S&P 500 ETF Trust

VOO

Vanguard S&P 500 ETF

VGT

Vanguard Information...

SMH

VanEck Semiconductor ETF

XLK

Technology Select Sector SPDR...

VTI

Vanguard Total Stock Market...

SOXX

iShares Semiconductor ETF

BLOK

Amplify Transformational Data...

META

Roundhill Ball Metaverse ETF


Content continues below advertisement

Loading Articles...
Help & Info
  • Contact Us
Tools
  • ETF Screener
  • ETF Analyzer
  • Mutual Fund to ETF Converter
  • Head-To-Head ETF Comparison
  • ETF Country Exposure Tool
  • ETF Stock Exposure Tool
  • ETF Performance Visualizer
  • ETF Database Model Portfolios
  • ETF Database Realtime Ratings
  • ETF Database Pro
More Tools
  • ETF Launch Center
  • Financial Advisor & RIA Center
  • ETF Database RSS Feed
Explore ETFs
  • ETF News
  • ETF Picks of the Month
  • ETF Category Reports
  • Premium Articles
  • Alphabetical Listing of ETFs
  • Best ETFs
  • Browse ETFs by ETF Database Category
  • Browse ETFs by Index
  • Browse ETFs by Issuer
  • Compare ETFs
Legal
  • Terms of Use and Privacy Policy
  • © 2023 VettaFi LLC. All rights reserved.
Follow ETF Database
Follow ETF Database

Advertisement

Is Your Portfolio Positioned With Enough Global Exposure?

ETF Education Channel

How to Allocate Commodities in Portfolios

Tom LydonApr 26, 2022
2022-04-26

A long-running debate in asset allocation circles is how much of a portfolio an investor should...

Core Strategies Channel

Why ETFs Experience Limit Up/Down Protections

Karrie GordonMay 13, 2022
2022-05-13

In a digital age where information moves in milliseconds and millions of participants can transact...

}
X