DB Gold Double Long ETN (NYSEARCA:DGP) Short Interest Update

DB Gold Double Long ETN (NYSEARCA:DGP) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 4,600 shares, an increase of 119.0% from the August 31st total of 2,100 shares. Based on an average trading volume of 11,000 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 11,000 shares, the days-to-cover ratio is currently 0.4 days.

DB Gold Double Long ETN Stock Performance

DGP stock opened at $133.93 on Monday. DB Gold Double Long ETN has a twelve month low of $62.14 and a twelve month high of $135.19. The business has a fifty day moving average of $112.74 and a 200-day moving average of $103.77.

Institutional Investors Weigh In On DB Gold Double Long ETN

A hedge fund recently bought a new stake in DB Gold Double Long ETN stock. Redwood Investment Management LLC acquired a new position in shares of DB Gold Double Long ETN (NYSEARCA:DGP) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,000 shares of the company’s stock, valued at approximately $201,000. Redwood Investment Management LLC owned 0.13% of DB Gold Double Long ETN as of its most recent SEC filing.

About DB Gold Double Long ETN

The DB Gold Double Long Exchange Traded Notes (DGP) is an exchange-traded fund that mostly invests in gold commodities. The fund provides 2x the daily performance of futures contracts relating to gold. The notes index selects contracts based on the shape of the futures curve to minimize contango. DGP was launched on Feb 27, 2008 and is issued by DB.