TJ - The screw attaches to what? Second lead to shell or threads? You are measuring an unloaded condition? 3.39 suggests a Joye eGo - unloaded in the DC mode. You should also be able to get an AC volt reading if a Joye eGo. The DC read in combination with the AC read can sometimes be used to deduce what the RMS voltage is for PWM devices like the Joye eGo. But on some meters the AC ends up being double the DC. For these meters, no help with RMS voltage. On a Joye eGo what I have observed is constant 3.39 to 3.40 or so on DC unloaded reads throughout the discharge cycle. But AC (unless a doubling meter type), will vary as batt is discharged. Duty rate (which is changing as discharge takes place) of the PWM can be determined if you can get decent AC reads. Duty rate (expressed as fraction) is 1 minus the the fraction of the AC read divided by 2.2 times DC read. But difficult to get a steady AC read, particularly when unloaded and, again, not valid if AC is simply doubling DC. RMS voltage, in case interested, would be the DC read divided by the square root of the duty rate. Duty rate of eGo usually in range of 0.82 to 1. So, that 3.39 shown on your meter would be about 3.74 v RMS if at a 0.82 duty rate.