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

MicroSectors Gold -3x Inverse Leveraged ETN (NYSEARCA:DULLGet Free Report) was the recipient of a significant drop in short interest in June. As of June 30th, there was short interest totaling 8,558 shares, a drop of 40.6% from the June 15th total of 14,404 shares. Approximately 3.2% of the company’s stock are sold short. Based on an average daily volume of 11,758 shares, the days-to-cover ratio is presently 0.7 days.

MicroSectors Gold -3x Inverse Leveraged ETN Price Performance

DULL traded down $2.11 during trading on Friday, reaching $76.47. 28,513 shares of the stock were exchanged, compared to its average volume of 22,575. The stock’s 50 day moving average price is $64.73 and its two-hundred day moving average price is $57.70. MicroSectors Gold -3x Inverse Leveraged ETN has a twelve month low of $37.18 and a twelve month high of $207.50.

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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