UISx3 wants 3x leveraged gold, what about SHNY (3x gold ETN)

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I was just reading on getting the effect of 3x leverage on GLD,
but the 2020 blog post seems dated
Why not use SHNY?
SHNY Microsectors Gold 3X Leveraged ETN Due January 29 2043

it’s profile:

The investment seeks return on the notes is linked to a three times leveraged participation in the daily performance of the SPDR® Gold Shares (the “ETF”), which is an exchange traded fund that invests in gold bullion. The notes are designed to reflect a 3x leveraged long exposure to the performance of the ETF on a daily basis.

I guess it’s new as of 02/2023

Also, instead of shorting VXZ Barclays Ipath Series B S&P 500 Vix Mid-Term Futures ETN
for the maxsharpe and MYRS strategies,
what about the inverse ZIVB -1X Short Vix Mid-Term Futures Strategy ETF ?
I guess it’s new as of 04/2023
The volume isn’t that high on ZIVB
thanks,
kevin

here’s the recent perf numbers on SHNY (%)

SHNY “1Day”: 2.36
SHNY “1Week”: 7.81
SHNY “4Weeks”: -0.13
SHNY “1Month”: 1.33
SHNY “3Months”: 47.05
SHNY “52Weeks”: 17.60
SHNY “yearToDate”: 34.81

[Vangelis]

Dear Kevin,
Thank you for the update! Both SHNY and ZIVB sound like good candidates for each strategy. We ‘ll take a look at them as well as current volume and spreads.

[Author]

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