MicroSectors Gold -3X Inverse Leveraged ETNsMicroSectors Gold -3X Inverse Leveraged ETNsMicroSectors Gold -3X Inverse Leveraged ETNs

MicroSectors Gold -3X Inverse Leveraged ETNs

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Key stats


Assets under management (AUM)
‪9.64 M‬USD
Fund flows (1Y)
‪14.11 M‬USD
Dividend yield (indicated)
Discount/Premium to NAV
−0.3%
Shares outstanding
‪3.50 M‬
Expense ratio
0.95%

About MicroSectors Gold -3X Inverse Leveraged ETNs


Brand
REX Microsectors
Home page
Inception date
Feb 22, 2023
Structure
Exchange-Traded Note
Index tracked
LBMA Gold Price PM ($/ozt)
Management style
Passive
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Distributor
State Street Corp. (Fund Distributor)
ISIN
US0636795181
DULL is an exchange-traded note, a debt obligation of the Bank of Montreal, that which provides 3x daily inverse leveraged exposure to the performance of SPDR Gold Shares Trust, which trades under the ticker GLD. As such, DULL is not a buy-and-hold product and is best designed for short-term tactical trading purposes only. Returns can vary significantly from -3x exposure to shares if held for longer than a day. DULLs underlying fund is the first ETF to invest directly in physical gold. NAV for the underlying fund is determined using the LBMA PM Gold Price (formerly the London PM Gold Fix), which results in an extremely close relationship with spot prices. As a debt obligation, investors are exposed to the credit risk of the bank.

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Classification


Asset Class
Commodities
Category
Precious metals
Focus
Gold
Niche
Physically held
Strategy
Vanilla
Geography
Global
Weighting scheme
Single asset
Selection criteria
Single asset

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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
DULL trades at 2.70 USD today, its price has fallen −2.17% in the past 24 hours. Track more dynamics on DULL price chart.
DULL net asset value is 2.71 today — it's fallen 27.41% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
DULL assets under management is ‪9.64 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
DULL price has fallen by −28.38% over the last month, and its yearly performance shows a −67.55% decrease. See more dynamics on DULL price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −27.41% over the last month, showed a −34.88% decrease in three-month performance and has decreased by −67.74% in a year.
DULL fund flows account for ‪14.11 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
DULL expense ratio is 0.95%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
DULL is an inverse fund, meaning it's structured to generate returns opposite to the trends of the underlying index or assets.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, DULL technical analysis shows the strong sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating DULL shows the strong sell signal. See more of DULL technicals for a more comprehensive analysis.
No, DULL doesn't pay dividends to its holders.
DULL trades at a premium (0.31%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
DULL shares are issued by Bank of Montreal
DULL follows the LBMA Gold Price PM ($/ozt). ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Feb 22, 2023.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.