MicroSectors Gold -3x Inverse Leveraged ETN (NYSEARCA:DULL) Sees Large Growth in Short Interest

MicroSectors Gold -3x Inverse Leveraged ETN (NYSEARCA:DULLGet Free Report) was the target of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 9,616 shares, an increase of 82.1% from the May 14th total of 5,281 shares. Approximately 3.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 6,113 shares, the days-to-cover ratio is currently 1.6 days.

MicroSectors Gold -3x Inverse Leveraged ETN Trading Down 0.8%

Shares of DULL stock traded down $0.53 during trading hours on Tuesday, hitting $62.07. 4,337 shares of the company’s stock were exchanged, compared to its average volume of 24,170. The firm has a 50 day moving average of $54.73 and a two-hundred day moving average of $59.92. MicroSectors Gold -3x Inverse Leveraged ETN has a fifty-two week low of $37.18 and a fifty-two week high of $210.50.

About MicroSectors Gold -3x Inverse Leveraged ETN

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The MicroSectors Gold -3X Inverse Leveraged ETNs (DULL) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund is an exchange-traded note that provides 3x daily inverse leveraged exposure to the spot price of gold by tracking GLD, an ETF that physically holds gold bars. DULL was launched on Feb 24, 2023 and is issued by REX Microsectors.

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