MicroSectors Gold 3X Leveraged ETNs
SHNY
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 900 Third Avenue, 31st Floor New York NY United States of America 10022
- IPO Date
- Feb 22, 2023
- CIK
- 0001424958
- Website
- bmoetns.com
- Similar Companies
- Business
- MicroSectors Gold 3X Leveraged ETN (SHNY) is an exchange-traded note that provides three times leveraged (+3X) exposure to the daily performance of the SPDR Gold Shares ETF (GLD), which holds physical gold bullion; it forms part of the MicroSectors lineup of leveraged and inverse leveraged ETNs covering commodities, sectors, and indices. Issued by Bank of Montreal (BMO) with a maturity date of January 29, 2043, SHNY was launched on February 24, 2023, and trades on NYSE Arca with CUSIP 063679526; as of November 2025, it has 1,000,000 ETNs outstanding, a market capitalization of approximately $114.5 million, and an expense ratio of 0.95%. REX Shares, LLC, founded in 2014 and headquartered in Miami, Florida, with additional presence in Fairfield, Connecticut, partners with BMO as the sponsor and creator of the MicroSectors product line, marketing these ETNs to sophisticated traders seeking tactical exposure to gold prices without direct futures involvement. The ETN's core offering links returns to 3X the daily compounded performance of GLD, net of fees including a daily investor fee and financing charges based on the Federal Reserve prime rate plus a spread; it targets institutional and retail investors focused on short-term gold price movements amid volatility in commodities markets. Geographically, SHNY operates primarily in the U.S. market via NYSE Arca trading, with BMO domiciled in Canada serving as issuer exposed to its credit risk. No direct subsidiaries apply, though it complements related MicroSectors products like the Gold -3X Inverse Leveraged ETN (DULL) and gold miners ETNs (GDXU, GDXD). Recent developments include BMO and REX Shares launching new U.S. Big Banks and U.S. Big Oil 3X Leveraged and -3X Inverse Leveraged ETNs in February 2025, expanding the MicroSectors suite beyond commodities; BMO also announced a financing spread increase to 3.25% for related Gold Miners ETNs (GDXU) effective November 2025 and a 1-for-20 reverse split for Gold Miners -3X ETNs (GDXD) effective October 2025. In October 2025, REX Shares and affiliate Osprey Funds filed for 21 spot cryptocurrency ETFs, signaling broader innovation in alternative ETPs with over $8 billion in assets under management across their lines; earlier in 2025, BMO implemented ticker changes and reverse splits for other MicroSectors ETNs like FANG+ 3X Leveraged. These moves reflect ongoing product evolution and operational adjustments amid market dynamics, with no reported funding rounds, acquisitions, or name changes specific to SHNY in the last 1-2 years.