MicroSectors Gold -3x Inverse Leveraged ETN (NYSEARCA:DULL) Short Interest Update

MicroSectors Gold -3x Inverse Leveraged ETN (NYSEARCA:DULL) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 528,635 shares, a growth of 322.8% from the December 15th total of 125,042 shares. Based on an average daily volume of 355,627 shares, the days-to-cover ratio is presently 1.5 days. Approximately 105.7% of the company’s stock are sold short. Approximately 105.7% of the company’s stock are sold short. Based on an average daily volume of 355,627 shares, the days-to-cover ratio is presently 1.5 days.

MicroSectors Gold -3x Inverse Leveraged ETN Stock Performance

Shares of NYSEARCA DULL traded down $0.03 during midday trading on Tuesday, hitting $1.37. 166,048 shares of the company’s stock were exchanged, compared to its average volume of 294,869. MicroSectors Gold -3x Inverse Leveraged ETN has a 12 month low of $1.34 and a 12 month high of $8.29. The company’s 50 day moving average price is $1.78 and its 200 day moving average price is $2.70.

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.