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Dividend Vision

DULL — MicroSectors™ Gold -3X Inverse Leveraged ETN

MicroSectors™ Gold -3X Inverse Leveraged ETN (DULL)

DULL pays a 0.00% distribution rate, on a 0.95% expense ratio. Total return is -95.5% over the past 3.5 years, 199.2 points behind SPY at 103.7%. Its deepest 1-year drawdown was 81.2%.

DULL is an inverse leveraged ETN that seeks to deliver three times the inverse daily performance of gold prices, making it a bearish, short-duration trading instrument rather than a traditional income vehicle. The product carries a 0.95% expense ratio, generates no distributions, and is designed for experienced traders seeking to profit from declining gold values on a daily basis. This product appeals primarily to sophisticated investors using tactical hedging strategies or short-term directional bets, not to income-focused dividend investors.

DULL key facts

Issuer
REX Shares
Asset type
ETN
Asset class
Commodity
Inception date
02/21/2023
Expense ratio
0.95%
Distribution rate
0.00%
Last close
$57.69
AUM
$18,303,319
Average volume
1639.0
Beta
-1.0