Short Interest in MicroSectors Gold -3x Inverse Leveraged ETN (NYSEARCA:DULL) Drops By 40.6%

MicroSectors Gold -3x Inverse Leveraged ETN (NYSEARCA:DULL) 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 shares of the company are short sold. Based on an average daily volume of 11,758 shares, the short-interest ratio is currently 0.7 days.

MicroSectors Gold -3x Inverse Leveraged ETN Stock Up 4.5%

DULL traded up $3.38 on Thursday, hitting $77.75. The company’s stock had a trading volume of 19,787 shares, compared to its average volume of 22,522. MicroSectors Gold -3x Inverse Leveraged ETN has a 12 month low of $37.18 and a 12 month high of $207.50. The company’s 50 day simple moving average is $64.17 and its 200-day simple moving average is $57.66.

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.