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

MicroSectors Gold -3x Inverse Leveraged ETN (NYSEARCA:DULL) saw a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 654,214 shares, a growth of 35.7% from the January 29th total of 482,244 shares. Currently, 130.8% of the shares of the company are sold short. Based on an average trading volume of 1,483,222 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 1,483,222 shares, the short-interest ratio is currently 0.4 days. Currently, 130.8% of the shares of the company are sold short.

MicroSectors Gold -3x Inverse Leveraged ETN Stock Down 4.3%

Shares of DULL stock traded down $1.67 during mid-day trading on Monday, reaching $37.51. The stock had a trading volume of 30,146 shares, compared to its average volume of 22,918. MicroSectors Gold -3x Inverse Leveraged ETN has a 1-year low of $37.18 and a 1-year high of $328.50. The business’s fifty day moving average is $59.48 and its 200-day moving average is $100.61.

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.