MicroSectors Gold -3x Inverse Leveraged ETN (NYSEARCA:DULL) Short Interest Up 151.9% in July

MicroSectors Gold -3x Inverse Leveraged ETN (NYSEARCA:DULL) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 21,561 shares, an increase of 151.9% from the June 30th total of 8,558 shares. Based on an average daily volume of 13,054 shares, the days-to-cover ratio is presently 1.7 days. Approximately 8.0% of the shares of the stock are short sold.

MicroSectors Gold -3x Inverse Leveraged ETN Price Performance

MicroSectors Gold -3x Inverse Leveraged ETN stock traded down $1.40 on Wednesday, reaching $73.91. The company’s stock had a trading volume of 4,309 shares, compared to its average volume of 21,688. The business’s fifty day moving average price is $68.17 and its 200 day moving average price is $57.34. MicroSectors Gold -3x Inverse Leveraged ETN has a twelve month low of $37.18 and a twelve month high of $207.50.

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.