MicroSectors Gold -3x Inverse Leveraged ETN (NYSEARCA:DULL) Shares Down 3.8% – Here’s What Happened

MicroSectors Gold -3x Inverse Leveraged ETN (NYSEARCA:DULLGet Free Report) dropped 3.8% during trading on Tuesday . The company traded as low as $1.49 and last traded at $1.50. Approximately 467,692 shares changed hands during mid-day trading, an increase of 107% from the average daily volume of 226,340 shares. The stock had previously closed at $1.56.

MicroSectors Gold -3x Inverse Leveraged ETN Stock Down 3.8%

The company’s 50 day moving average is $1.92 and its 200 day moving average is $2.92.

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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