MicroSectors Gold -3x Inverse Leveraged ETN (NYSEARCA:DULL) Sees Unusually-High Trading Volume – Still a Buy?

Shares of MicroSectors Gold -3x Inverse Leveraged ETN (NYSEARCA:DULLGet Free Report) saw strong trading volume on Friday . 25,673 shares traded hands during trading, an increase of 146% from the previous session’s volume of 10,450 shares.The stock last traded at $8.36 and had previously closed at $8.13.

MicroSectors Gold -3x Inverse Leveraged ETN Price Performance

The stock’s 50 day simple moving average is $8.29 and its 200-day simple moving average is $10.03.

MicroSectors Gold -3x Inverse Leveraged ETN Company Profile

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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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