Shares of MicroSectors Gold -3x Inverse Leveraged ETN (NYSEARCA:DULL – Get Free Report) were down 4.2% during mid-day trading on Thursday. The stock traded as low as $11.36 and last traded at $11.36. Approximately 612 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 3,317 shares. The stock had previously closed at $11.86.
MicroSectors Gold -3x Inverse Leveraged ETN Trading Up 0.2 %
The company has a 50-day simple moving average of $12.27 and a 200-day simple moving average of $15.05.
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.
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Insight into Invesrted Products
Investing in inverse leveraged exchange-traded funds like MicroSectors Gold -3x Inverse Leveraged ETN can be a high-risk strategy due to the magnified exposure to price movements. Investors should carefully consider their risk tolerance and investment goals before venturing into such products.
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