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About MicroSectors Gold -3X Inverse Leveraged ETNs
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Inception date
Feb 22, 2023
Structure
Exchange-Traded Note
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)
Identifiers
3
ISIN US0636795181
DULL is an exchange-traded note, a debt obligation of the Bank of Montreal, that which provides 300% 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.
Related funds
Classification
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 0.9024 USD today, its price has fallen −5.04% in the past 24 hours. Track more dynamics on DULL price chart.
DULL net asset value is 0.97 today — it's fallen 36.56% 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 14.41 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 −37.50% over the last month, and its yearly performance shows a −86.31% decrease. See more dynamics on DULL price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −36.56% over the last month, showed a −55.41% decrease in three-month performance and has decreased by −85.58% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −36.56% over the last month, showed a −55.41% decrease in three-month performance and has decreased by −85.58% in a year.
DULL fund flows account for 30.68 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 sell signal. See more of DULL technicals for a more comprehensive 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 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 (0.13%).
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.
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.