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

MicroSectors Gold -3x Inverse Leveraged ETN (NYSEARCA:DULL) was the target of a large growth in short interest in 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. Approximately 130.8% of the shares of the company are sold short. Based on an average daily volume of 1,483,222 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 1,483,222 shares, the days-to-cover ratio is currently 0.4 days. Approximately 130.8% of the shares of the company are sold short.

MicroSectors Gold -3x Inverse Leveraged ETN Trading Down 2.7%

Shares of DULL stock traded down $1.16 on Wednesday, hitting $41.56. The company’s stock had a trading volume of 58,485 shares, compared to its average volume of 25,634. MicroSectors Gold -3x Inverse Leveraged ETN has a fifty-two week low of $37.18 and a fifty-two week high of $326.50. The stock’s 50 day moving average is $58.02 and its 200-day moving average is $98.42.

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.