MicroSectors Gold -3X Inverse Leveraged ETNs (DULL)
MicroSectors Gold -3X Inverse Leveraged ETNs operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in Milwaukee, WI, US. The stock last traded at $56.37, down 2.73% on the session, giving a market capitalisation of $5.9M. Its beta of -1.00 implies it has historically moved less than the broad market.
These exchange-traded notes (ETNs) are engineered to provide daily returns that are three times the inverse of the underlying ETF's performance. They carry significantly more risk than investments designed for medium or long-term objectives. Therefore, these ETNs are unsuitable for investors planning to hold them for longer than a single day or for those employing a 'buy and hold' strategy.
MicroSectors Gold -3X Inverse Leveraged ETNs is most often compared with the following Financial Services names: