DB Gold Short ETN (NYSEARCA:DGZ) Short Interest Update

DB Gold Short ETN (NYSEARCA:DGZ) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 12,679 shares, an increase of 356.1% from the June 30th total of 2,780 shares. Based on an average trading volume of 6,434 shares, the days-to-cover ratio is presently 2.0 days. Approximately 4.0% of the shares of the company are short sold.

DB Gold Short ETN Trading Down 1.6%

DB Gold Short ETN stock opened at $5.44 on Friday. The business’s 50-day simple moving average is $5.84 and its two-hundred day simple moving average is $5.40. DB Gold Short ETN has a fifty-two week low of $4.10 and a fifty-two week high of $7.41.

DB Gold Short ETN Company Profile

The DB Gold Short Exchange Traded Notes (DGZ) is an exchange-traded fund that mostly invests in gold commodities. The fund provides monthly inverse exposure to the performance of gold futures contract. The notes index selects contracts based on the shape of the futures curve to minimize contango. DGZ was launched on Feb 27, 2008 and is issued by DB.