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

DB Gold Short ETN (NYSEARCA:DGZ) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 8,660 shares, a growth of 156.7% from the April 30th total of 3,373 shares. Currently, 2.7% of the shares of the stock are sold short. Based on an average trading volume of 6,623 shares, the short-interest ratio is presently 1.3 days.

DB Gold Short ETN Price Performance

Shares of NYSEARCA:DGZ traded down $0.04 during midday trading on Friday, reaching $5.56. 7,313 shares of the company’s stock were exchanged, compared to its average volume of 10,293. The company’s 50 day simple moving average is $5.19 and its two-hundred day simple moving average is $5.29. DB Gold Short ETN has a 12 month low of $4.10 and a 12 month high of $7.41.

About DB Gold Short ETN

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.