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

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

MicroSectors Gold -3x Inverse Leveraged ETN Trading Down 3.2%

DULL stock traded down $1.80 during midday trading on Friday, reaching $55.29. 8,217 shares of the company traded hands, compared to its average volume of 25,507. MicroSectors Gold -3x Inverse Leveraged ETN has a 52-week low of $37.18 and a 52-week high of $210.50. The business has a 50 day moving average of $53.53 and a 200-day moving average of $62.88.

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.