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

MicroSectors Gold -3x Inverse Leveraged ETN (NYSEARCA:DULL) saw a significant 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. Based on an average daily trading volume, of 6,113 shares, the days-to-cover ratio is presently 1.6 days. Approximately 3.6% of the company’s shares are short sold.

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

DULL opened at $62.07 on Wednesday. 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 $54.92 and a 200-day moving average of $59.69.

MicroSectors Gold -3x Inverse Leveraged ETN Company Profile

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.