MicroSectors Gold -3x Inverse Leveraged ETN (NYSEARCA:DULL) Short Interest Down 53.5% in May

MicroSectors Gold -3x Inverse Leveraged ETN (NYSEARCA:DULL) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totaling 5,281 shares, a decline of 53.5% from the April 30th total of 11,363 shares. Based on an average daily trading volume, of 6,590 shares, the days-to-cover ratio is currently 0.8 days. Approximately 2.0% of the company’s stock are sold short.

MicroSectors Gold -3x Inverse Leveraged ETN Stock Performance

DULL traded down $0.25 on Tuesday, reaching $57.44. The company’s stock had a trading volume of 5,456 shares, compared to its average volume of 25,194. The stock has a 50 day moving average of $53.58 and a two-hundred day moving average of $62.36. MicroSectors Gold -3x Inverse Leveraged ETN has a fifty-two week low of $37.18 and a fifty-two week high of $210.50.

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.