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

MicroSectors Gold -3x Inverse Leveraged ETN (NYSEARCA:DULL) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 6,967 shares, a drop of 39.1% from the August 15th total of 11,441 shares. Based on an average daily volume of 8,235 shares, the days-to-cover ratio is currently 0.8 days. Approximately 2.6% of the company’s stock are short sold.

MicroSectors Gold -3x Inverse Leveraged ETN Stock Down 5.2%

Shares of DULL stock traded down $3.11 on Thursday, hitting $57.01. 8,616 shares of the stock were exchanged, compared to its average volume of 18,953. MicroSectors Gold -3x Inverse Leveraged ETN has a fifty-two week low of $37.18 and a fifty-two week high of $152.00. The business has a 50-day moving average of $62.48 and a 200 day moving average of $58.53.

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.