REX Shares launches MicroSectors ETNs linked to gold

Fairfield-headquartered REX Shares LLC has debuted two MicroSectors Exchange Traded Notes (ETNs) issued by Bank of Montreal (BMO) linked to the performance of the SPDR Gold Shares ETF (NYSEARCA: GLD).

The MicroSectors begin trading today on the NYSE Arca as Gold 3x Leveraged ETNs (ticker: SHNY) and MicroSectors Gold -3x Inverse Leveraged ETNs (ticker: DULL). According to the company, the new MicroSectors lineup of ETNs will include 3X leveraged and -3X leveraged inverse exposure to both physical gold and gold miners.

“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. “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.”

This is the second set of MicroSectors ETNs introduced by REX Shares this month. Last week, the company launched the MicroSectors Energy 3x Leveraged ETNs (ticker: WTIU) and MicroSectors Energy -3x Inverse Leveraged ETNs (ticker:WTID).