MicroSectors Gold -3x Inverse Leveraged ETN (NYSEARCA:DULL) Trading Down 2.3% – Here’s Why

MicroSectors Gold -3x Inverse Leveraged ETN (NYSEARCA:DULLGet Free Report) traded down 2.3% on Wednesday . The company traded as low as $1.88 and last traded at $1.89. 113,562 shares changed hands during mid-day trading, a decline of 49% from the average session volume of 224,384 shares. The stock had previously closed at $1.9350.

MicroSectors Gold -3x Inverse Leveraged ETN Price Performance

The company’s 50-day moving average is $2.20 and its 200-day moving average is $3.24.

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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