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REX Shares launches short and leveraged gold ETNs

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REX Shares and BMO has listed 3X (SHNY) and -3X ETNS (DULL) on the NYSE, writing that these ETNs will be the only 3X/-3X options on the market. The products further innovate by being linked to the GLD ETF – so the leveraged/ inverse leveraged exposure is based on physical gold bullion rather than gold futures, the firm says.

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