Short Interest in MicroSectors Gold -3x Inverse Leveraged ETN (NYSEARCA:DULL) Decreases By 38.5%

MicroSectors Gold -3x Inverse Leveraged ETN (NYSEARCA:DULLGet Free Report) was the recipient of a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 8,559 shares, a drop of 38.5% from the February 26th total of 13,912 shares. Based on an average trading volume of 34,721 shares, the days-to-cover ratio is presently 0.2 days. Currently, 85.6% of the company’s stock are sold short.

MicroSectors Gold -3x Inverse Leveraged ETN Trading Down 10.5%

NYSEARCA:DULL traded down $6.83 on Friday, hitting $58.39. 10,608 shares of the company’s stock traded hands, compared to its average volume of 35,427. MicroSectors Gold -3x Inverse Leveraged ETN has a 1 year low of $37.18 and a 1 year high of $299.49. The firm has a 50-day moving average price of $49.12 and a 200-day moving average price of $84.08.

About MicroSectors Gold -3x Inverse Leveraged ETN

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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.

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