MicroSectors Gold -3x Inverse Leveraged ETN (NYSEARCA:DULL) Short Interest Update

MicroSectors Gold -3x Inverse Leveraged ETN (NYSEARCA:DULL) saw a large increase in short interest in 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 company’s stock are sold short. 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 Price Performance

MicroSectors Gold -3x Inverse Leveraged ETN stock traded down $5.76 during mid-day trading on Monday, reaching $62.12. 8,748 shares of the company’s stock were exchanged, compared to its average volume of 24,343. MicroSectors Gold -3x Inverse Leveraged ETN has a twelve month low of $37.18 and a twelve month high of $210.50. The company has a fifty day moving average of $54.52 and a 200-day moving average of $60.16.

About MicroSectors Gold -3x Inverse Leveraged ETN

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.