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

MicroSectors Gold -3x Inverse Leveraged ETN (NYSEARCA:DULL) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totaling 7,321 shares, a drop of 14.5% from the March 15th total of 8,559 shares. Currently, 2.7% of the company’s shares are sold short. Based on an average daily volume of 74,936 shares, the short-interest ratio is presently 0.1 days.

MicroSectors Gold -3x Inverse Leveraged ETN Price Performance

Shares of NYSEARCA DULL opened at $46.29 on Friday. MicroSectors Gold -3x Inverse Leveraged ETN has a 1 year low of $37.18 and a 1 year high of $231.25. The firm has a 50-day simple moving average of $48.07 and a two-hundred day simple moving average of $73.40.

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.