MicroSectors Gold -3x Inverse Leveraged ETN
DULL
6 hedge funds and large institutions have $202K invested in MicroSectors Gold -3x Inverse Leveraged ETN in 2025 Q4 according to their latest regulatory filings, with 5 funds opening new positions, increasing their positions, 1 reducing their positions, and 3 closing their positions.
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
50% more funds holding
Funds holding: 4 → 6 (+2)
9% less capital invested
Capital invested by funds: $221K → $202K (-$18.8K)
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 1
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TSS
Two Sigma Securities
New York
|
+$69.9K |
| 2 |
FTUS
Flow Traders U.S.
New York
|
+$67.6K |
| 3 |
GS
GTS Securities
New York
|
+$37.1K |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
+$19.5K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$3.12K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$83.8K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$59.7K |
| 3 |
HC
Hurley Capital
New York
|
-$4.14K |
| 4 |
AF
Allworth Financial
Folsom,
California
|
-$753 |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TSS
1
Two Sigma Securities
New York
| $60.2K | +$69.9K | +717 | New |
|
|
FTUS
2
Flow Traders U.S.
New York
| $58K | +$67.6K | +693 | New |
|
|
3
Jane Street
New York
| $32.2K | -$83.8K | -859 | -69% |
|
|
GS
4
GTS Securities
New York
| $31.9K | +$37.1K | +380 | New |
|
|
5
HighTower Advisors
Chicago,
Illinois
| $16.8K | +$19.5K | +200 | New |
|
|
6
UBS Group
Zurich,
Switzerland
| $2.68K | +$3.12K | +32 | New |
|
|
7
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$59.7K | -476 | Closed |
|
|
HC
8
Hurley Capital
New York
| – | -$4.14K | -33 | Closed |
|
|
AF
9
Allworth Financial
Folsom,
California
| – | -$753 | -6 | Closed |
|
DULL Hedge Fund Activity: Q4 2025 in Review
6 of the 8,225 institutional investors tracked by Wall St. Rank reported a position in MicroSectors Gold -3x Inverse Leveraged ETN (DULL) for Q4 2025, worth a combined $202K — down 8.5% from $221K a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new DULL positions and 3 closed out — a net gain of 2 holders — while 0 added to existing stakes and 1 trimmed.
The largest buyer was Two Sigma Securities, opening a new position worth an estimated $69.9K. The largest seller was Jane Street, cutting an estimated $83.8K.
- 6 institutional investors held MicroSectors Gold -3x Inverse Leveraged ETN (DULL) as of Q4 2025, up from 4 in Q3 2025.
- Funds reported $202K of MicroSectors Gold -3x Inverse Leveraged ETN stock for Q4 2025, down 8.5% quarter-over-quarter.
- 5 funds opened new MicroSectors Gold -3x Inverse Leveraged ETN positions in Q4 2025 and 3 closed out, a net change of +2 holders.
- The largest MicroSectors Gold -3x Inverse Leveraged ETN buyer in Q4 2025 was Two Sigma Securities, an estimated $69.9K added.
- The largest MicroSectors Gold -3x Inverse Leveraged ETN seller in Q4 2025 was Jane Street, an estimated $83.8K sold.
Based on aggregated 13F filings for Q4 2025.