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

MicroSectors Gold -3x Inverse Leveraged ETN (NYSEARCA:DULL) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 21,561 shares, an increase of 151.9% from the June 30th total of 8,558 shares. Based on an average daily trading volume, of 13,054 shares, the days-to-cover ratio is presently 1.7 days. Approximately 8.0% of the company’s shares are short sold.

MicroSectors Gold -3x Inverse Leveraged ETN Stock Performance

Shares of NYSEARCA:DULL traded up $3.13 during mid-day trading on Tuesday, hitting $75.31. The company had a trading volume of 2,456 shares, compared to its average volume of 21,809. MicroSectors Gold -3x Inverse Leveraged ETN has a one year low of $37.18 and a one year high of $207.50. The firm has a fifty day moving average price of $68.17 and a 200 day moving average price of $57.34.

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.